Last Thursday’s auction at LJ Hooker House saw 4 properties sold out of the 5 that went under the hammer, giving our auction rooms an 80% clearance rate. That’s a great result!
The most encouraging factor of the night was the upbeat attitude and spirited bidding from purchasers. This is most likely attributed to the RBA’s decision to drop interest rates last Tuesday. Buyers now have more confidence in returning to the property sector, with the increased understanding that we are nearing the bottom of this cycle with capital growth expected by the end of 2013.
The auction represented the good old days of property auctions with fierce and competitive bidding and a high number of registrations.
What was evidenced last Thursday was a revitalised auction system. This re-birth of confidence within buyers is great news for vendors who are considering listing their property.
Red Carpet Auctions
We are excited to announce the ‘Red Carpet Auction Event’ for the North Shore & Northern Beaches offices, to be held in our Auction Rooms at 102 Glover Street, Mosman – 6.30pm, Thursdays 14th & 28th June 2012.
If you are considering selling your property prior to the end of this financial year or before Spring, why not take advantage of this event and enjoy some fantastic savings on marketing and promotion. Feel free to contact us for more information on 02 9969 1500.
Thanks to our Auctioneer David Scholes for his reporting of last weeks auction.
