Auction - The best possible chance, the best possible price, the shortest period of time. It's that simple!
If you’re considering auction as a method of sale for your property or if you’re an estate agent looking to enhance your teams auction experience, by partnering with Avenue Auctions, you can expect non-biased, professional service, with an unparalleled fun and modern flair.
Whether on-site or in-room, we cover property auctions right across the country. We strive to guide our clients through an ever-evolving and sometimes intimidating industry, and let our record of success instill confidence in delivering, and exceeding, results for their properties.
If you're looking for an auctioneer in Sydney, book your next auction with Avenue Auctions.
The energy and enthusiasm Andrew injects into each and every auction is contagious. He is a real asset to our team and we know that we can rely on him to achieve outstanding results regardless of market conditions.
We would like to thank Andrew for the passion and energy he brings to our auctions. Andrew has assisted LJ Hooker Padstow in growing our auction profile.
Andrew is by far the best auctioneer in the country. It amazes me how he has such a unique ability to make a buyer pay more. He gets us the best result every time.
The latest auction cycle reveals a continued cooling property market characterized by cautious buyer sentiment and a significant shift in leverage toward purchasers. Auction volume remained low with team Avenue having only 33 properties test the market; drawing a selective average of 3.1 registered bidders per event.
Despite the lower turnout, active participants engaged in highly competitive bidding duels that averaged 16 bids per property, indicating intense pockets of competition for specific assets. However, this deep engagement did not translate into widespread market momentum, as the overall clearance rate softened significantly to 42%.
Vendors faced tough negotiations and heightened price sensitivity, resulting in an average sale price of $1,782,456. The disconnect between seller expectations and market reality became evident as only 40% of properties managed to sell at or above their reserve prices. On average, properties closed $23,561 below initial vendor reserves, highlighting that buyers are successfully capitalizing on reduced competition to negotiate deeper discounts.
Wether you’re about to book an auction or you just want to find out more information on how auctioning your property is beneficial for you, get in touch and we can help you secure the best possible price for your prized asset.
