This week in the property market, we’re seeing a healthy level of activity, with an encouraging balance between buyers and sellers. A steady flow of listings is potentially providing buyers with more choice, while strong auction results suggest the market is absorbing this supply with confidence.
Over the weekend, Marshall White conducted around 90 auctions across various price ranges, with an impressive average of 2.75 bidders per auction - many attracting three to four underbidders. This level of competition indicates strong demand, reinforcing the balanced conditions we’re currently experiencing. Marshall White’s auction success rate stood at 75% this past weekend, climbing to an impressive 85% after post-auction negotiations. These figures highlight not only buyer interest but also sellers’ willingness to meet the market, creating successful outcomes for both sides.
The recent interest rate cut has added another layer of confidence, though many buyers had already factored it into their decision-making. Rather than spiking demand, the new rate level aligns with buyer sentiment and seems to be supporting the market's steady momentum.
Looking ahead, if current conditions hold, buyers can continue to enjoy increased choice, while sellers benefit from strong buyer depth. It’s a moment of balance, making it an ideal time for those considering their next property move.
