Insights

Campbell Cooney, Hodges (Brighton): “The early indication in 2014 is that the market (prices) have picked up from where they left off in December 2013. Sales (both private sales and sales before their scheduled February auction dates have been at good prices with multiple buyers interested. We expect the auction clearance rate to be “falsely” less than it should be because many of the sought after properties listed for this date (22nd February) have already been snapped up. This may mean that the less preferred ‘stock’ is still to be auctioned. I predict the clearance rate will be in the high 60%s, otherwise (when including the bought befores) it would be in the low 70%s.”