BUYER confidence continues to ride high, two weeks after onsite auctions began again with limited crowds, but with a sharp decrease in property listings means the competition is as fierce as ever at auction.
After nine weeks of uncertainty, Ray White urges potential sellers to take advantage of the heightened buyer activity to list now and capitalise on the supply demand balance which is tipped in favour of vendors now.
With average bidder numbers from last weekend up from this time last year at 5.6 this means after each auction there were roughly four bidders still on the hunt for their dream home.
This weekend, Ray White will be heading into the weekend with 113 auctions scheduled and plenty of eager buyers ready to prove that auctions are still the best method for achieving competitive results.
The Ray White Surry Hills | Alexandria | Glebe | Erskineville team clearly cannot be stopped with another four inner-city Sydney homes going to auction this weekend through the office.
Director Ercan Ersan said the one to watch is the two bedroom property at 215 Corunna Rd, Stanmore (pictured above).
“It’s going to be a belter, it’s been really popular and has probably had the most number of groups through of any property I’ve listed since the beginning of COVID,” Mr Ersan said.
“We’ve had 86 people through the home which is like having 150 groups back in the day and have given out 25 contracts.
The property has a buyer’s guide of $1.2 million and Mr Ersan expects between five and 10 registered bidders on the day.
Also going under the hammer is 26 Nassau Lane, Erskineville, 149 Bedford St, Newtown and 512/133 Goulburn St, Surry Hills.