Auction numbers galloping ahead

Auction numbers galloping ahead

22 Oct 2014 By: Greg Hocking 0 Comment

The traditional upswing in auction numbers during October is well and truly underway with auction numbers growing steadily each week and 1100 auctions held last weekend.

The coming weekend is another blockbuster with a record breaking number of auctions expected – some estimates suggest the figure could be as high as 1800.

The final weekend in October has become the new benchmark for peak auction activity in Melbourne, with the same weekend last year setting the record for auction volumes when 1619 properties went under the hammer.

With analysts tipping interest rates could stay on hold until the middle of next year, buyers with budgets of all sizes are taking advantage of the great range of properties currently available for sale.

Across Melbourne we’re seeing high levels of investor activity with these purchasers in particular pursuing a very proactive and determined approach to securing the next addition to their property portfolio before the year wraps up.

It’s not too late to achieve your property goals for 2014. Call us today to hear how we can help.

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Greg Hocking

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