Sellers reaping the rewards of hot competition

Sellers reaping the rewards of hot competition

7 Apr 2015 By: Greg Hocking 0 Comment

Across Melbourne the property market has delivered consistently strong results so far this year, with activity surging in the lead up to Easter.

Clearance rates have been nudging 80 per cent for weeks as buyers compete for limited stock. Many buyers are becoming frustrated, having been outbid at auction or missing out on a private sale.

With buyer demand putting serious pressure on supply, we´re seeing many instances of new listings finding purchasers before official marketing campaigns get underway. Sellers are being rewarded with strong interest and, in the majority of cases, multiple offers. A growing number of recent auctions are achieving prices well above reserve.

Our tight-knit Greg Hocking Real Estate network has access to a vast database of genuine buyers who are increasingly anxious to buy before prices rise higher on the back of the sustained competition within the market.

To learn more about the type of buyers who are desperate to purchase in your local area and get an up to date professional opinion of your property’s potential value in the current market, call us today.

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Greg Hocking

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