SATURDAYS will be a little quieter on Brisbane’s footpaths with many agents and owners electing not to run their auction campaigns over Easter, school holidays and the Commonwealth Games.
Ironically March was Ray White Queensland’s largest listing month on record and their auction numbers swelled in March. But many of those agents have delayed the launch until after this break.
The Gold Coast of course has seen an influx of auctions, so many of the auctioneers will be performing their street theatre for the holiday makers and international guests.
It’s not uncommon for post Easter to see a drop in auction numbers, but with the games thrown in the actual number of auctions is right down.
I spoke to my long term colleague and friend Phil Parker about it. Phil said “While it is a little quieter in April, May is absolutely full with both Saturdays and Sundays decorated with a lot of auctions”.
The reasoning is due to the lead in time for an auction, which is usually about four weeks. So owners have either had their auction campaign and their auction called before Easter or they have waited to start advertising until after Easter. So logic explains that four weeks after the Easter break moves the auctions until May.
This means the general market, buyers, will see an influx of new property listings this month. This is the combination of April sellers and those owners from March who pushed the hold button to clear.
For real estate enthusiasts the next 10 weeks will now see a clear run leading in to the end of the financial year. We should see big auction numbers called in May with strong settlement numbers closing out the year.
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