Agents ensure Anzac Day auction slim pickings

When Anzac Day falls on a Saturday – as it does this centennial year – the law restricts auctions as only permitted in the afternoon.

For many the respect dictates auctions are avoided all together.

But Property Observer has spotted quite a few listings, and indeed APM research analyst Neil Tan confirmed to Property Observer there were 51 scheduled for Sydney and 81 in Melbourne on the Anzac Day weekend.

At Killara, 20 Garnet Crescent (pictured above) has been listed for 3pm auction through Chadwick's agent Sophie Su.

The typical industry wide practice is to avoid having Anzac Day auctions.

There are therefore some 700 plus auctions scheduled for 18 April in Sydney and 1,000 plus in Melbourne, according to Australian Property Monitors.

With not many auctions booked for the Anzac Day weekend, "the weekend before and after are heavily booked", said Rocky Bartolotto from Auction Services.

Cooley Auctions also noted the trend.

The Cooley Index for March 2015 saw the clearance rate remain in the 80s for the first three months of the year.

Cooley Auctions conducted 615 auctions across the company and the traditional pre-Easter rush delivered an influx with 300 auctions conducted in the last week of the month.

There was a $1.13 million average sale price, auctioneer Damien Cooley said.

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