THE Acton Mandurah team is gearing up for its 10th auction extravaganza, with up to 10 properties set to go under the hammer this weekend.
Branch principal Graeme Baxter said putting a residential property in the Mandurah region up for auction was considered unusual not too long ago, but the team’s work had helped make buyers and sellers more receptive to the idea.
“We always believed that auctions would work well in Mandurah,” he said.
“We’re fortunate to have an incredibly diverse range of properties right throughout the Mandurah region.
“Auctions create competition, which can often lead to sellers achieving a higher sales price than by private treaty or through expressions of interest.”
Mr Baxter said REIWA statistics showed it took 42 days to sell by auction, 51 days faster than by private treaty.
Since the first auction extravaganza in December 2017, Acton Mandurah had put 77 properties under the hammer and achieved a 72 per cent success rate, with sales prior to, at or post-auction.
“Our sales team do a lot of work behind the scenes to ensure a great turnout and to attract serious bidders who’ve done their homework,” he said.
“This creates a lot of excitement and drama and can lead to some extremely competitive bidding.
“We also like to make it a community event and always have a charity auction for a local artist’s work to kick things off, as well as a mobile coffee van handing out free coffees.”
A crowd of at least 60 people was expected to attend.
“Spring is one of the most popular times for house hunting,” Mr Baxter said.
The auction extravaganza will be held on the front lawn of the Acton Mandurah office, riverside on the corner of Mandurah Terrace and Hackett Street.
It starts at 10am on September 22, with auctioneer Boyd Fraser to lead proceedings.
For more information, call 9550 2065.