October 16, 2017
Auction market makes a comeback after school holiday break
Today saw reasonable auction numbers for the first time since before the AFL Grand Final with a good number of sellers opting to take advantage of less competition now while so many held back for the more popular weekends of the 21st and 28th of October.
Whilst the auction campaigns concluded today commenced in, and ran through, the school holidays – a brave move in the minds of many watching on – the results suggested the optimism of those vendors was not misplaced, and their courage was rewarded handsomely in so many cases.
While many people do go away in September – especially families of school aged children – today’s results confirm that there is always a strong undercurrent of buyers in the market no matter the time of year, and that families returning from holidays are still quite happy to make quick decisions upon their return when they see the right property for sale.