New Year auction market could pack a punch

Early signs are suggesting the upcoming three months to Easter will see the Sydney auction market firing, says a leading auctioneer.

Property Auction Services director and auctioneer Rocky Bartolotto said so far, auction numbers across his business have been up by 20 per cent compared to February 2014.

“This will only strengthen as further bookings continue to come in for the month,” he told Real Estate Business.

“What will be interesting moving forward is that Easter is rather early this year and is close to the Anzac Day weekend.”

Mr Bartolotto said to expect the last two Saturdays before this break to be extremely busy as vendors will want to get in before the holiday season.

“It definitely looks like numbers will be strong for the next six months and, dare I say it, we may just even beat a few records from 2014 in this upcoming three months,” he said.

Mr Bartolotto’s business partner and fellow auctioneer Rob Trovato said the first weeks of 2015 have commenced with a similar strong momentum as what was experienced towards the close of 2014.

“From week one, bookings commenced which will see our first on-site auctions take place on 31 January,” he told Real Estate Business.

“The activity for mid-week in room auctions is also as strong, with our first mid-week in room event scheduled for 4 February on a Wednesday night in Sydney’s south west, which will see approximately 12 properties go to auction.

“Typically the last week of February and weekends in March are often 'Super Saturdays' and it is certainly shaping that way for 2015,” he added. 

promoted stories

REB Events