The spring selling season is well underway, and it’s shaping up to be a season like no other. September kicked off with impressive auction numbers, setting the stage for the months ahead.
🏠 2,286 homes were taken to auction in the first week
🏠 The second week was only one short with 2,285 auctions held across the combined capital cities making it 19.1%* higher than this time last year
🏠 The following weekend saw 2,334 auctions, a 2.6% increase from the previous week
🏠 2,550 homes were taken to auction in the second last week, making it the busiest weekend since before Easter
🏠 Only 1,215 homes were taken to auction over the long weekend, which is to be expected
As we approach the end of the year, we anticipate a continued surge in auction activity as more sellers enter the market, leading to an increase in supply. This may ease the upward pressure on prices, potentially creating favourable opportunities for buyers.
Additionally, there’s anticipation that the RBA will consider lowering the cash rate in 2024 as inflation continues to slow. This move could have implications for the property market and financing conditions.
In light of the thriving Spring Selling Season, what’s your next move? Are you ready to explore the opportunities it offers, whether you’re looking to buy, sell, or invest in property? Our dedicated team is here to assist you every step of the way.
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📞 02 8935 1177
Disclaimer: Any information provided herein is of a general nature only. No consideration has been taken into your objectives, needs or financial situation. Before acting on this information you should consider if it is appropriate for your situation.
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