Will spring auction prices continue to exceed price guides?
Property ObserverDecember 7, 2020
Recent surveys found Melbourne auction listings are selling for 11% more than their pre-auction price guides while Sydney auction properties are selling at 12% more than their price guides.
Both surveys suggested the trend of selling above prices guides had increased significantly over winter.
What’s your experience?
{module Have the auctions you’ve seen been selling for more than 10% above the price guide?}
And
{module Do you think higher spring stock levels and more choice for buyers will reign in the trend of runaway auctions?}