Over the last 2 weeks of Auctions the clearance rate in our local area has hovered around 40%, while Sydney wide has been around the 53%.
Of more interest to me were the statistics in Sun Telegraph for the 24th August which showed the sharp reduction in the number of properties on offer compared with this [...]
In America they have tens of thousands of banks, merchant banks, mortgage brokers and call centres all trying to outdo each other to lend America’s cheap money to anyone who wants to borrow it. At the call centre level the operators ring up people using a reverse phone book (addresses first so you can ring [...]
We were back on track last week with an auction clearance rate of 57% locally compared with 62% Sydney wide (Sun Herald figure).
Tactics at Auction
One of the gutsiest moves I have seen as an agent was the first time I listed a house for auction.
There were plenty of buyers interested in the property however when [...]
