Australia’s auction market wet into overdrive over the weekend, with the largest number of homes taken to auction since March 2018.
The pre-Easter period is notoriously a buyer frenzy, and with 3,791 homes going under the hammer across the country’s capitals, this year’s action didn’t disappoint.
Data released by CoreLogic revealed the staggering figures which have so far seen 84.4 per cent of houses recording a positive result.
Ray White New South Wales Chief Auctioneer, Alex Pattaro, says that ‘Super Saturday’ lived up to expectations as buyers across the harbour city were out in force.
“We saw huge numbers of buyers at our auctions and open for inspections,” he says.
“There were strong registered bidders at auction competitions today. Auctions reinforce that our sellers are obtaining the best price and outcome for their properties on auction day,” Alex explains.
And the Ray White auctioneer says that in the weeks to come he predicts the market to stay strong and continue to drive house prices.
“We expect to see more stock come to market after Easter so sellers need to be aware that the market and prices we are seeing now is the best in decades,” he says.
1,392 homes were taken to auction across Sydney whilst in Melbourne a whopping 1,899 properties went under the hammer, including 1/6 Blyth Street in Murrumbeena which sold for $1,285,000 – some $215,000 above reserve.
“Murrumbeena and Carnegie are really hot suburbs at the moment, and a tidy family home like this is always going to perform well,” Ray White selling agent Josh Hommelhoff says.