Competition Creators 17.05.2021

“With consistent media speculation regarding what is going to happen within New Zealand’s property market continuing, it is important for vendors to ensure accurate statistics are the driving force when making decisions about the sale of their home. As the risk continues in a variable market to overprice or underprice a property, it remains paramount to mitigate this risk by creating competition among buyers that allows for a transparent platform to guarantee confidence within buyers, and to take confidence that all buyers are treated equally and have an equal chance of obtaining the property. We continue to see success across the country with clearance rates day on day superseding expectations, but more importantly an increase in first home buyers taking the opportunity with investors taking a backseat to secure property. The demand for property continues to outweigh our stock levels currently on the market and this gives our vendors real confidence, especially with the high number of registered bidders on average per auction, coupled with the fact auction outcomes are well above highest offers prior.”

B e n E a s t

Ray White New Zealand Auctioneer

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