‘Boom-time conditions’: Why some auctions are so hot in a property downturn

 Home buyers are likely to face more competition as the number of active bidders per auction inches upwards and the property market shows signs of stabilising.

Bidder numbers are higher this year than in the spring, though some experts say there are few homes for sale and the outlook for the market is still uncertain.

In Sydney, the average number of active bidders per auction lifted to 3.4 in March, after holding below 3 during the spring selling season last year, figures from real estate agency Ray White show.

Read More: https://www.smh.com.au/property/news/boom-time-conditions-why-some-auctions-are-so-hot-in-a-property-downturn-20230403-p5cxq0.html



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