If the thought of selling your property in Carlton by auction has passed through your mind recently, you're not alone! New figures from RP Data have shown the number of properties listed for sale in Sydney by auction have grown significantly.
In the first three months of 2014, auctions grew to reach 25.5 per cent of all property sales in the state capital. Compared to the same time last year, when auctions accounted for 13.9 per cent of sales, this selling method has definitely shown its popularity with buyers and sellers.
Whether you're making use of low interest rates to upgrade to a bigger, better home or you're simply an investor looking to capitalise, auctions seem like the way to go.
Selling by auction
One of the biggest benefits of selling by auction is that you get to use buyer competition to your advantage. Buyers bidding left, right and centre can certainly help you achieve the result you want.
As they're often quite a fast selling process, you'll also be able to move onto your next property quickly and easy, without the hassle of negotiating offers from buyers.
If a property auction is the avenue you want to take for the sale of your home, act quickly while market activity is high.