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 The Australian housing market is showing clear signs of moderation as 2024 draws to a close, with the national house price median reaching $898,745, up 7.7 per cent annually but with monthly gains easing to 0.4 per cent. This deceleration in price growth reflects … Read more
Nerida Conisbee, Ray White Chief Economist Analysis of buyers at almost 10,000 Ray White auctions continues to show that Queensland’s property market remains the strongest in Australia for both investors and people buying from other states. While Melbourne is rising in popularity with interstate buyers, it is still being eclipsed … Read more