Real Estate

Auction property perks that work


Ray White Queensland auctioneer, Haesley Cush, shares his auction hints and tips.

#hammersquad why auctions work.

WHEN it comes time to sell your property, the age-old argument of auction versus private treaty naturally comes to the fore.

There is no one best practice but the general consensus among property professionals is both type of housing and market confidence play pivotal roles.

Core Logic RP Data auctions spokesman Kevin Brogan crunched combined capital city data over the 12 months to November 2015 and found higher valued and more unusual properties were taken to auction.

“If you have a house in a street and there are 10 others like it, you have a pretty good idea of what it’s worth,” Mr Brogan said.

“But if it’s unique or unusual you might not be able to pick what it’s worth so you take it to auction on the proviso there’s enough interest.

“Looking at the combined capital city data over the past 12 months to November, you see the general median price of houses t…

Read the full article at: http://www.news.com.au/finance/real-estate/auction-tips-why-and-when-you-should-auction/story-fncq3era-1227757669181

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