News

Using the grand final weekend to snap up a bargain

02 October 2017

Did property buyers use the weekend’s AFL grand final as a chance to snap up a bargain?

Auction numbers are always down on grand final day, the sacred sporting day is generally considered to be a day off for the industry.

On Saturday there were just 55 properties listed to go under the hammer in Melbourne, compared to 1160 the previous weekend.

Despite this, Ray White auctioneer Allan Smith told Domain that he has managed to sell properties on the last Saturday in September for the past six years.

“A lot of agents think it’s a bad idea,” he said.

“We’re in a hot market, we know that. In spring a lot more properties come onto the market, so buyers have more choice.”

“My clients are rapt with the idea that when their property goes to market, there is far less competition.”

“It doesn’t matter if the auction is at midnight in a snowstorm, if people want to buy a property, they’ll be there.”

Happily for those who wanted to give grand final auctions a go, most were planned to be done and dusted well before the first bounce on Saturday.

In a surprise to absolutely no one however, there were no auctions listed in the suburb of Richmond for the grand final weekend.

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