On Wednesday 26th of September at the Catholic Club in Campbelltown, a crowd gathered to watch and bid on some fantastic local properties. The auction included five former social housing properties that are part of the renewal of the Airds/Bradbury area.

Three of the five properties submitted to the auction campaign were sold at the auction event.

Here’s the summary:
BRADBURY, 184 St Johns Road – SOLD at auction!
BRADBURY, 2 Summers Place – SOLD at auction!
AIRDS, 19 Boonoke Place – Passed-in
BRADBURY, 9 Harrah Place – SOLD at auction!
AIRDS, 17 Moonbria Place – Passed-in

The properties that were “Passed-in” at the event have good interest, and we expect these will be sold very shortly.

This has been another great auction event, delivering fantastic results. All properties sold, were above their reserve prices.

SEPTEMBER AUCTION EVENT STATISTICS:

• Three of the five properties were SOLD – an 60% clearance rate.
• Our team achieved an average of 19.4 buyer inspections per property leading up to the auction.
• There was an average of 6.8 bidders per property at the auction event.
• Results averaged $22,333 over our seller’s reserve prices.

Our experience and results over the last five years in running monthly auction events, clearly illustrates that auction is a great way of getting buyers and sellers together for optimum results.

Other methods of sale are effective too, however none have the absolute transparency of the auction method. At our auction events, both buyers and sellers witness the process in action!

If you are considering selling, here are five reasons why “Auction” is a great way of selling your home:

1. Auction is a method where there is no defined price, allowing competition and negotiation to get you the best price for your home.
2. Negotiations are done live, allowing all buyers to see their competition and participate by “bidding”. As a seller, you will also see this process as it unfolds.
3. All buyers are given fair and equal opportunity to bid against each other.
4. When bids go over your “reserve price” (the lowest price you will accept) and you are “on the market”, at the fall of the hammer the person with the highest bid will own your property and sign the contract.
5. There is no cooling-off period with an auction sale – the sale is final.

A big “thank you” to all our sellers and buyers from our auction event. Thanks also to our Auctioneer, Paul Casarotto, and our supporter Domain, The Macarthur Advertiser and Harcourts NSW.

FOR DETAILS ON OUR NEXT IN-ROOM AUCTION EVENT, VISIT OUR WEBSITE PROPERTYPEOPLE.NET.AU OR SPEAK TO ONE OF OUR SALES TEAM ON 4628 7444 FOR MORE INFORMATION.