Real estate auctions across Australia operate year-round, but certain sales periods, including holiday seasons, can prove more beneficial for prices and property values.
When is the best time to sell?
The Easter, Christmas and New Year periods are traditionally key times for taking a break. However, the property market rarely rests.
Real estate calendar events, such as an early Easter, or the current shortage of properties for sale in your area, can have a positive impact on auction activity during these periods.
And with the early Easter break out of the way, the month of April should see an influx of new properties coming onto the market leading to high auction volumes through May.
Winter warms up for auction activity
The winter chill can have a similar effect on the number of listings on the market. But this needn’t be a deterrent.
On the contrary, although there may be fewer properties and auction attendees, those in the market are considered genuine prospects.
When combined with the limited available listings, this can create hot auction action.
Properties set to shine in spring and autumn
The traditional selling seasons of spring and autumn are not merely due to temperate climates, gardens looking their best and a pre-season boost to home-makeover activity.
A feel-good spring sentiment prevails among potential buyers following the big chill of winter.
After the grand final weekend in September, competition for listings can be fierce. The traditionally higher listing numbers, coupled with an increase in buyers, can drive up property prices.
Ensuring that your property stands out from the crowd often guarantees vendor and buyer success. This is particularly the case if potential buyers place pressure on themselves to move into their new home prior to Christmas.
The first two weekends in December are considered the last big auction weekends of the year. Most real estate agents move towards off-market campaigns after this time to attract serious buyers and the expat community returning to Australia to scout property throughout the summer holiday season.