Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Agents enjoy ‘perfect storm’

07 September 2009 Reporter

Real estate agents are currently enjoying the ‘perfect storm’, LJ Hooker’s national auction manager Graeme Hyde has said.

According to Mr Hyde, the recent spell of warm weather combined with the surge of new properties on the market has helped to create a very healthy market place.

Data from Australian Property Monitors showed most of the Australian capital cities had enjoyed a strong start to the spring auction season, with the auction market in Melbourne particularly robust.

The auction clearance rate was 76.0 per cent, 20 per cent higher than the first weekend of September last year.

“There is confidence in the market place and that confidence is growing,” Mr Hyde told Real Estate Business.

“Buyers realise that now is a good time to make their entry into the market,  while prices are stable, and sellers can see that the prices are currently very good,  having risen steadily from their historic lows a few months ago.”

Mr Hyde said LJ Hooker was currently enjoying fantastic clearance rates and the property market had made a dramatic recovery from last year’s spring slump.

“We are currently enjoying results beyond our own expectations. The market is very strong and both buyers and sellers are positive about the future – creating the perfect storm for real estate agents.”

Agents enjoy ‘perfect storm’
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Where is the biggest threat to agents in 2019?

3rd party lead generation companies
DIY models discounting sales commission
Prop-tech firms cutting out the agent value proposition
A yet unidentified proper disruptor – like Uber or Airbnb
None of the above. There is no threat.
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.