Selling before auction takes off across Sydney: APM

Selling before auction takes off across Sydney: APM
Selling before auction takes off across Sydney: APM

Selling before auction is happening more across Sydney.

Botany headed the list during September

Sold before auction (September APM)

 Suburb

Sold before

Botany

66%

Bondi

65%

Killara

61%

St Ives Chase

61%

Bondi Beach

60%

Wollstonecraft

57%

Neutral Bay

56%

Sydney

54%

Mona Vale

53%

Manly

53%

With the market declining, many anxious agents are advising vendors to take the best pre-auction offer rather than risk falling flat on auction day.

The trend has turned a little away from the heat of the boom when it was long suffering would-be buyers putting in bullish offers that likely exceeded anything from rivals on auction day.

Auctioneer Rocky Bartolotto said while a few properties that featured bigger land size and development secured sensational results on the weekend, many of the day's other results had one to two registered bidders as the average bidders per property dropped to an average of just over 3 per property. 

"The lower buyer numbers is attributed to higher selection of property available this Spring," he said. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Auction Residential Sales

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