Weekend sales results indicate what we have been predicting for sometime now.
It is on the move up again due to lack of stock and the very low cost of finance.
Auction results (only 30% of total sales) show a high percentage of sales are being made. Here is the lowdown on that. Multiple buyers hoping to get into the market before it really starts rising. The old FOMO effect and the fact that money is VERY cheap.
As Vendor Advocates, we represented owners at auction on Saturday where there were 11 registered buyers for a Zoom auction. Great result too with prices well above expectations.
Contact us for further info on the weekend results or any other matter real estate