Being an agent for success in the Real Estate market

PROPERTY

Australian preliminary auction clearance rates were below 50% last week. The results are lower than 12 months ago and indicate home prices are likely to continue to fall in the period ahead. There were softer results in Melbourne compared to Sydney with a preliminary clearance rate of 47.5% being reported in Melbourne, the lowest rate recorded since 2012.

The weak auction results mark the fourth week in a row the clearance rate has failed to crack 50%, the recent numbers and the weakening housing market over the last 12 months has caused us to reflect on market trends and how Real Estate Agencies are navigating the market.

In these infographics we take a look at the Australian housing market and what is needed to bring about a correction, the changes afoot in the Real Estate Agency market and the success factors.

How can we help?

We have a team of experienced property professionals who provide detailed and actionable insights to stakeholders in the market. This team includes our Azurium Real Estate experts who have coalface experience stemming from their background in senior leadership roles at market-leading organisations.

Where appropriate, our team can work with and advise developers and financiers with regard to their exit strategy, facilitating project completion, mitigating settlement risk and sale of remaining stock. Our analytics team can analyse data to harvest insights and projections while our digital team can assess your current digital environment and if suitable, recommend a road-map or digital adoption.

To find out more, or for further information as to how we can assist, please contact one of our team members below or our Azurium Real Estate experts.

 

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