THE beautiful weather saw buyers out in force today across the country with Ray White reporting huge crowds and higher than normal numbers of registered bidders which helped underpin a 77 per cent national preliminary clearance rate today.
Ray White has the highest auction market share in Brisbane at more than 35 per cent, with a target of 50 per cent under the watchful eye of the group’s young gun chief auctioneer Mitch Peereboom.
Auctions are in the group’s DNA given Ray White himself started auctioning livestock at Crows Nest on the Darling Downs some 117 years ago.
Mr Peereboom said it had been a cracking day in the field and a lot of great results across the south-east corner.
“I am seeing big crowds everywhere I go and a lot of registered bidders which is terrific,” Mr Peereboom said.
He said the property marketed in Wilston as an “ugly duckling” at 25 Cramond St (pictured above) today sold under the hammer for $660,000.
Ray White West End principal Luke O’Kelly said the young first home buyers were looking to the property’s development potential. He had seven registered bidders and two of them were active in the auction.
Nerida Conisbee Ray White Group Chief Economist There have been a lot of people, events and policies blamed for Australia’s low levels of housing affordability. Ranging from negative gearing, high interest rates, investors, developers, migrants, students, planners, government and the list goes on. And while the reasons are complex, there … Read more
Nerida Conisbee Ray White Group Chief Economist Perth, Adelaide and Brisbane continued their runaway growth in May with all cities now recording year-on-year growth of in excess of 14 per cent. Perth continued its strong run with prices up over 24 per cent over the past year for houses and … Read more