Insights

In an article in Domain this Sunday, Chris Tolhurst says that real estate agents are tipping a surge in late winter auctions.

Tolhurst explains, “access to cheap finance and reduced activity by oversea buyers will encourage local families to upgrade”.

Hodges Beaumaris Director Michael Cooney echoed these predictions, pointing out that requests for valuations and appraisals – the first sign of an impending listing – had increased sharply since May.

“The appraisals have been increasing each week, and today the numbers out at open for inspections were double or triple what we were expecting”, said Cooney.

After a brief pause in the market for Queens Birthday long weekend, the city is expected to see one of it’s strongest June auction markets next weekend with more than 980 auctions scheduled.

Read the full article here.