We are thrilled to welcome award-winning auctioneer, Justin Nickerson from Apollo auctions, to the show today. This is a bumper episode that includes a new perspective on the Brisbane Property Market.
Justin loves data too and he tracks a lot of auction-specific indicators within Brisbane. Some of this data includes the average number of registered bidders per auction, the percentage of active bidders per auction, the percentage of opening bidders who end up buying the property, and the percentage above the reserve price that properties end up selling for.
In this episode, we discuss the changes that have been seen in some of these indicators over the last 12 months and what these changes mean in relation to current market conditions.
Justin also shares some beneficial tips for people preparing to bid at auction and highlights some of the mistakes that buyers make on auction day. Don't miss this episode... there is something for everyone to take away.
Learn more about your hosts, Melinda and Scott Jennison, at www.streamlineproperty.com.au.