The Market Springs to Life

As Marshall White Director Daniel Wheeler observes, “What's truly unfolding in the real estate market? Spring momentum has kicked off with a significant increase in auction participation; remarkably, 88% of our 43 auctions last weekend saw competitive bidding. Savvy buyers recognising this as a 'safe window' for purchasing are likely to reap benefits once others follow suit in greater strengths and numbers.”

Marshall White auctions achieved a success rate of 75% last weekend, which was a substantial contrast to the Melbourne-wide auction success rate of 65.9%. This outperformance indicates a positive response to the properties we represent and our approach to the market.

Attendance at open inspections has significantly increased, reminiscent of levels last seen in June. This rise in interest suggests a competitive buying environment ahead.

The spring market outlook is positive, with high bidder participation at auctions and strong inspection numbers. Well-priced properties in desirable locations are expected to perform well.

This creates an opportune time for sellers to showcase their properties to an engaged audience, while buyers should be prepared for increased competition but ample opportunities.

Marshall White anticipates a continued solid performance in the auction market as we progress through the season, with buyer interest remaining high across our operational areas.