In a further sign that buyers are cooling on the market, real estate agents across the three capital cities reported fewer bidders at auctions and attendees at open inspections.Only Melbourne clawed its way back to a 70 per cent clearance rate on Saturday after 714 homes sold out of 1026 properties.
“We conveniently held the auction with everyone looking towards the bridge,” said Simon Pilcher, of Pilcher Residential. “And we got a cracking result.” “We had eight registered bidders, and it went beyond expectations,” said Jena Chahine, of Asset Estate Agents. “It’s an amazing sale price in what I can start to see as a softening market.”
Selling agent Sam Rigopoulos, of Jellis Craig Northcote, said 26 Helen Street had been owned by the Uniting Church for almost 40 years before the squatters moved in and growing disrepair forced them to sell it. “Four of those were between $3 and $4 million, and they all sold really well,” he said. “It was patchy among the other stuff but with premium [homes] there’s so much demand.”
Drew Davies, of Place Estate Agents Ascot, said the classic façade and 810 square metre land size in a prime Brisbane suburb made it hot property to five registered bidders, and a lack of other homes for sale only fuelled the competition.
Source: Real Estate Daily Report (realestatedailyreport.net)