by admin@lgtdigital.com.au | Oct 6, 2018 | Uncategorized
There is an argument for using a public auction to sell your house in a buoyant market. We don’t think it withstands decent, considered scrutiny but at least there is a reasonable argument. But in today’s unarguably soft market, why would anyone do it? Clearance rates...
by admin@lgtdigital.com.au | Jun 16, 2018 | Facebook Post
Whilst also a great trivia question, it is actually quite instructive as to what percentage of properties are sold by auction vs private sale in Melbourne, the “auction capital of the world”? Any guesses? Given the constant media exposure and listening to agents...
by admin@lgtdigital.com.au | Jun 2, 2018 | Uncategorized
As is now becoming more obvious, property prices in Melbourne are down. Probably by more than most people realise, as the published figures lag behind the current reality. As an indication of how serious the impact has been, properties are now regularly selling for...
by admin@lgtdigital.com.au | May 26, 2018 | Uncategorized
In December, we noted that 1 in 3 auctions were failing. This has now stretched out to closer to 40% failing. For owners this is getting pretty stressful. 4 in 10 sellers are spending $5,000 – $20,000 for most properties, depending on their value ( ½ to 1%...
by admin@lgtdigital.com.au | Feb 17, 2018 | Facebook Post
Consider two buyers: Buyer 1 has decided he is willing to pay $1,140,000 for the property, whilst after checking finances and looking for 5 months, Buyer 2 decides she will pay up to $1,185,000. At a Public Auction, what would it sell for? Depending on the bidding...
