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Fewer auctions taking place than last year

By James Brown

There are various ways in which you can buy real estate in Burpengary, and one of the most popular over recent years has been to head to auction.

With the buzz of the sales room and the potential to get a good deal on your next home, it's hardly surprising that so many buyers are making purchases in this way.

However, the latest analysis from RP Data suggests that auction volumes have declined, with 8 per cent fewer listings across the capital cities compared to this time last year.

Brisbane is no exception to the trend, as a total of 103 auctions were expected during the week ending 15 February. This compares to 133 12 months previously.

There's also been a week-on-week decline, as 109 properties were listed for auction during the previous seven-day period.

This shouldn't dissuade you from attending an auction if you're hoping to make your first or next move on the property ladder. Listings are still strong, so there's every chance you might be able to find the home of your dreams in this way.

Make sure you do your homework before heading to the auction room. Once the hammer falls and the property is yours, there's no chance of backing out.

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