We Don’t Like Auctions Over the last decade we’ve seen auction volume continually increase year on year in the Sunshine State. So much so they now drive the market and are a clear barometer for how the market is tracking. With this growing trend it’s important to encourage and educate the skeptical buyer on this … Read More
A Bidder’s Advantage Post-Easter our sold under the hammer clearance has dropped, while the post-auction numbers rally to keep auction clearance at an overall 51%. If you are wanting to increase your under the hammer success simply remove the opportunities to purchase prior and post. Think of the public trustee – when a buyer asks, … Read More
One Registered Bidder Over the last decade in Queensland we’ve had an average of 1.9 registered bidders per auction and a 60% chance that they will actually participate. The last year or so we’ve seen that average up four times. Just when we were getting used to this different style of auction, we have returned … Read More
Let the Negotiations Begin They say the art of negotiation is the art of buying time; however, with an auction deadline looming time is of the essence. Does this sound familiar? First offers rejected when perhaps they required further consideration. Buyer can’t participate at the auction, only to be positioned in a multiple offer environment … Read More
April Snapshot