Monday, 26th Aug

Auction Clearance Rates hit 80% over the weekend!

At the moment, the rates are being pushed up due to strong buyer activity and very low stock on the market. Well, good stock! This is a sign of our property market heading into its next upward cycle but we don't predict it to be as crazy as the 2017 boom.

Buyers, be very cautious of underquoting at the moment! We are seeing a lot of it out there and the agents are justifying this by comparing prices to our downturn in 2018 and the start of this year. Don't be fooled by this!

If you need professional and independent advice on what a property is truly worth in the current market, please contact our team today on 02 9960 1066 or enquiries@pkproperty.com.au.

*Source: Dr Andrew Wilson

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