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James O. ·

Market pulse: what are you seeing at inspections and auctions?

One running thread for weekend reports. Suburb, property type, how many groups, and how it went. I'll start: Norwood, Adelaide. Three bedroom villa, about 30 groups through, sold before auction.
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  1. Sarah M. ·

    Saturday in Preston: three auctions. Two sold under the hammer, one passed in and sold an hour later. Plenty of first home buyers, very few investors.

  2. Tom W. ·

    Geelong West open home had 25 groups through in 30 minutes. The quoted range felt 50k light to me.

  3. Mei L. ·

    Same story in Brisbane's north. Anything under 900k with a yard gets crowded. Units are quieter.

  4. Daniel K. ·

    Perth is still tight. Two homes I inspected went under offer before the first weekend was over.

  5. Chloe R. ·

    Quieter in Newcastle than in autumn. Agents are calling back now, which tells you something.

  6. James O. ·

    Interesting. In Adelaide's southern suburbs I'm still seeing multiple offers on anything renovated.

  7. Priya S. ·

    Parramatta units: lots of stock and hardly any investors. A few owner occupiers picking off the good ones.

  8. Ben C. ·

    Hobart feels flat. Days on market are long and vendors are starting to meet the market.

  9. Olivia N. ·

    Ballarat auctions this weekend: one sold, two passed in. Bidding stopped at the bottom of the quote range.

  10. Ahmed H. ·

    Western Sydney townhouses are moving, but buyers are pushing hard on building reports and strata minutes.

  11. Jess T. ·

    Canberra is soft for units. Houses in established suburbs still draw a crowd on Saturday.

  12. Marco D. ·

    Inner west Sydney: one terrace, 40 groups, sold well over reserve. Hard to read much into one sale though.

  13. Hannah B. ·

    Great reports so far. If you can, add the suburb and the property type so others can compare like with like.
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  14. Sarah M. ·

    Fair point. Preston again: two bedroom units sitting for six weeks, three bedroom houses gone in two.

  15. Tom W. ·

    Torquay is the opposite of Geelong. Holiday homes listed in winter are still sitting there.

  16. Mei L. ·

    Logan houses under 650k still draw 15 to 20 groups. Investors are back there.

  17. Daniel K. ·

    Mandurah too. A lot of eastern states buyers bidding sight unseen through buyers' agents.

  18. Chloe R. ·

    Lake Macquarie waterfront has cooled. Agents are inviting offers now rather than holding firm.
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