Agents under the hammer
REAL estate agents agree times are tougher in the auction market than they were 18 months ago and they are having to work harder to make sales.
But they also believe this is a great time to buy a house and a great time to sell one.
LJ Hooker Bundaberg principal and auctioneer Jonathon Olsen is one of those who is upbeat about the state of things now.
“With our auctions, we’re finding in some cases we’re getting three times the number of people through a house than we were before,” he said.
Mr Olsen said he was very optimistic, and certain parts of the market were performing better than others.
“Properties above the $400,000 to $450,000 mark are in high demand,” he said.
“Investors have come back into the market looking for properties based on return.”
Century 21 Wide Bay Realty principal Geoff Dixon said he had noticed times were tough in the auction market.
“We’re selling probably 50% at auction or right after,” he said.
“It depends on the property; some attract interest and some don’t.”
But he said the prices of 18 months ago were not being achieved.
“There’s always troughs,” he said.
“Once we get the elections out of the way people will get back to normal.”
John Fidden Real Estate principal John Fidden said sales were definitely slow.
“You have got to get the price, the presentation and the marketing right,” he said.
“But it adds up to a good time to buy.”
National accounting firm Chan & Naylor chief executive Sal Carrero said canny investors traditionally liked winter since there was less competition among buyers.
“Housing affordability in rural Queensland has worsened due to higher interest rates and decreased first home buyers incentives,” he said.