AS average registered and active bidder numbers rose so did the gap between the highest offer prior and the sale price at auction over the last month.
Ray White chief economist Nerida Conisbee said stock levels are low which is creating strong competition.“House prices are increasing and are continuing to be supported by strong demand, and relatively few properties for sale,” Ms Conisbee said.“This is showing up in real-time in Ray White auction data where two key metrics remain elevated.“Average active bidders across Australia hit a record high of 4.1 in September, significantly higher than the levels we were seeing prior to the pandemic.“Also remaining high is the gap between the highest prior offer and the price the property sold at auction.“Although this declined slightly in September from the August record, it remains well above the 11.6 per cent average we’ve seen since we started collecting this data point in November 2019.“It’s certainly well above the 8.5 per cent gap we see in weaker markets.”
COMPETITION CREATORS - RAY WHITE'S WEEKLY AUCTION DATA
FOR MORE REAL-TIME PROPERTY INSIGHTS READ THE RAY WHITE NOW REPORT HERE.
This Saturday’s auction highlightsThe Ray White Group has 343 properties scheduled to go under the hammer across the country this Saturday. New South Wales43 Brereton St, Gladesville
Ray White Gladesville
Agent: Barrie Brown - 0413 735 273
Onsite at 9:00am
Young couples wanting to knock the property down and build their dream home have inspected it.
122 Gipps St, Drummoyne (pictured above)
Ray White Drummoyne
Agent: Chris Wilkins - 0419 231 017
Online at 10:00am
The home has attracted young families, couples and downsizers.
It has been well presented and beautifully maintained.
6/152-153 The Grand Parade, Monterey
Ray White Brighton-Le-Sands
Agent: Peter Tsekenis - 0414 660 838
Online at 11:00am
Auctioneer: Alex Pattaro
The sellers are relocating to be closer to family.
First home buyers, downsizers and owner occupiers looking for a well situated property have all shown interest throughout the campaign.
The location and view are the main draw cards, but the apartment has also been nicely renovated and ready to move into.
109 Ryde Rd, Hunters Hill
Ray White Gladesville
Agent: Barrie Brown - 0413 735 273
Onsite at 11:30am
A similar buyer demographic to 43 Brereton Street - those that want to knock down and rebuild.
Victoria16 Pullar St, Maidstone
Ray White Seddon
Agent: Pat Jamroz - 0411 242 935
Online at 10:00am
Interested buyers have been owner occupiers looking to upsize.
The house is quite large for the area which has attracted buyers coming from outer suburbs looking for a big block closer to the city.
44 Witchwood Cres, Burwood East (pictured above)
Ray White Blackburn
Agent: Allan Smith - 0419 522 440
Online at 10:30am
Mr Smith has overseen more than 60 private inspections of the home.
Inner city buyers wanting more space in the suburbs have shown interest.
Queensland12 Albert St, Annerley
Ray White Annerley
Agent: Geoff Sellars - 0423 159 423
Onsite at 9:30am
The sellers are upsizing to something with more space for their growing family.
First home buyers have been attracted to the home.
Brick homes are rare in Annerley and don’t come up for sale often.
The location of the house has been a big draw card for buyers.
Lot 6 Heritage Lane, Port Douglas (pictured above)
Ray White Port Douglas
Agent: Soula Kazakis - 0422 966 573
Onsite at 11:00am
Auctioneer: Milo Rasinac
Interest has come from a mix of interstate buyers looking for a seachange and locals wanting some space around them.
Many buyers have only viewed the property virtually due to border restrictions.
12 Nalder St, Annerley
Ray White Annerley
Agent: Geoff Sellars - 0423 159 423
Onsite at 11:00am
The vendor is upsizing.
A well maintained and recently renovated Queenslander that was relocated from South Brisbane five years ago.
The current owner did an additional renovation on the property not long ago.
South Australia31 Fletcher St, Woodville North (pictured above)
Ray White Port Adelaide
Agent: Nick Psarros - 0400 506 555
Onsite at 11:30am
The sellers have lived in the property for more than 20 years.
The home has been popular with first home buyers and owner occupiers.
Western Australia6 Chadd Place, Wembley Downs (pictured above)
Ray White Dalkeith | Claremont
Agent: Peter Kasten - 0423 636 443
Onsite at 1:00pm
Mr Kasten has overseen almost 90 inspections of the home.
Close to the prestigious Hale School, set in a cul-de-sac on a 914sqm parcel of land that can be subdivided at a future point in time, this style property is highly sought after by families.
