Under the hammer sales net more on average

AUCTIONS aren’t just good theatre, the sale method could also make vendors more than 12 per cent more on their property.

In August, the price gap between auctioned properties that sold prior and those that sold under the hammer was a massive 13.29 per cent, despite that 24.10 per cent of all auction properties sold prior to auction.So far, in September that number has continued to stay strong with homes selling under the hammer on average 12.37 per cent more than if they were sold prior to auction. Again, despite this number which represents in many cases more than $100,000 on top of the sale price, a further 22.89 per cent of Ray White auction stock didn’t make it to game day this month. This means that hundreds of properties are selling before they have had a chance to test the market fully and potentially losing vendors tens of thousands of dollars.Throughout the month, the Ray White Group recorded a national auction day clearance rate of 83 per cent. Meanwhile, average registered bidder and active bidder numbers came in at 8.5 and 4.2 respectively. With all of this in mind, it appears that vendors are taking far more of a risk on their investment by selling their property prior than if they went to auction.

FIND A BREAKDOWN OF RAY WHITE’S AUCTION DATA HERE.

This Saturday’s auction highlights

The Ray White Group has 238 properties scheduled to go under the hammer across the country this Saturday.

Sydney

38 Swanson St, Erskineville (pictured above)
Ray White Surry Hills | Alexandria | Glebe | Erskineville
Agent: Moira Verheijen - 0414 343 995
Auctioneer: James Keenan
Online at 9:00am
The vendor is selling so she can move closer to family.
Available for an interview.

• The vendor was the station master at Erskineville train station.
• She lived in Annandale and when she saw the suburb was going up in price she sold her home and was set on buying in Erskineville.
• She became friends with a local architect and together they would look at property. Then she saw 38 Swanson St come to market as it’s just down the road from the station. She saw it once and said that’s the one.
• ​For the astute investor 38 Swanson Street currently offers dual income opportunity (commercial/ residential).

7/809 New South Head Rd, Rose Bay
Ray White Taylor and Partners
Agents: Annie Hodgson and Walter Burfitt-Williams - 0402 833 566
Online at 9:15am
Deceased estate

• Buyers have been a mix of local downsizers, a few first home buyers and some from outside of Sydney.
• The apartments in the building are very tightly held and only become available every few years.
• The building is also one block back from the beach at Rose Bay.
• It ticks a lot of boxes for buyers and is in good condition but there are also opportunities for the new owners to add their own touches.

Melbourne3 Hopkins Close, Rowville (pictured above)
Ray White Ferntree Gully
Agent: Ben Thomas - 0433 439 590
Online at 10:00am
The sellers are a family upsizing nearby.
Available for an interview.

• Buyers have mainly been young families coming from the inner city because Rowville still represents better value.

43 Silverwood Way, Glen Waverley
Ray White Glen Waverley
Agent: Cristine Jones - 0417 501 000
Auctioneer: Damien Moore
Online at 10:30am
The sellers are investors offloading after 17 years.

• Buyers have been young families looking for an entry level property and a few investors.
• Fuss-free family living in the prized Mount View Primary catchment.

5 Riding Way, Ferntree Gully
Ray White Ferntree Gully
Agent: Rene Mawad - 0403 141 596
Auctioneer: Jeremy Tyrrell
Online at 10:30am
The sellers are a family upsizing.
Available for an interview

• Buyers have been first home buyers and unit/townhouse owners who need more space.
• The self-contained bungalow has been popular with those wanting to work from home.

17 Hertford Cres, Wheelers Hill
Ray White Glen Waverley
Agent: Cristine Jones - 0417 501 000
Auctioneer: Andrew Davies
Online at 12:30pm
The vendors are a downsizing couple moving closer to their family.

• Buyers have been families attracted to the size and living space.
• Beautifully maintained and renovated 10 years ago.
• Set in the prestigious and highly sought after 'Golden Mile' of Wheelers Hill.

Brisbane11 Carrie St, Zillmere
Ray White Ascot
Agent: Penny Johnson - 0484 777 958
Onsite at 9:00am
Auctioneer: Jason Andrew
The vendors are selling to take advantage of the hot market in Brisbane right now.

• Buyers have been first home buyers, downsizers and there has also been some interstate interest.
• The home has had some renovations done including the kitchen, complete with stone bench tops, living, dining and master bedroom.
• In true Queensland style, there is a large east facing undercover entertaining area that overlooks the back yard and in-ground pool.

28 Landor St, Tarragindi (pictured above)
Ray White Holland Park
Agent: Sim Gill - 0405 122 289
Onsite at 12:00pm
The seller bought the home two years ago and did a large renovation.

• Buyers have all been families with more than 150 groups inspecting the property.
• The same buyers who inspected the house two years ago have again come back to look at it this time.
• The renovation and large living areas have been very popular with buyers.

15 Blakeney St, Highgate Hill
Ray White South Brisbane
Agent: Luke Croft - 0411 847 001
Auctioneer: Phil Parker
Onsite at 12:00pm
The vendor is an investor.

• Buyers have been both families and young professionals with 60 groups inspecting the home.
• Within a highly sought-after school catchment area. The property is surrounded by Brisbane's three premier secondary schools - Brisbane State High, St Laurence's and Somerville House.

Adelaide10 Kentish Rd, Gawler Belt
Ray White Gawler | Willaston | Mallala
Agent/auctioneer: Ross Whiston - 0418 643 770
Onsite at 11:00am
The sellers are relocating to regional South Australia.

• Buyers have been upsizers who love the home and land size, the location and the tasteful updates done on the kitchen and bathroom.
• There have been more than 100 groups through the open homes.

7A Winser Ave, Seaton (pictured above)
Ray White Port Adelaide
Agent: Nick Psarros - 0400 506 555
Onsite at 1:00pm
The sellers are upsizing.

• Interest has come mainly from first home buyers.
• The high quality finishes and living spaces have been a big drawcard for buyers.
• The home is on the doorstep of the West Lakes Shopping Complex and plenty of nearby recreational pursuits.