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Steady rise in auction activity

Once you’ve made the decision to take a closer look at houses for sale in Bulimba, the next step is to choose how you’ll go about finding the property of your dreams.

There are several options open to you. For example, you might decide to scour online listings to see what’s available, or perhaps approach a real estate agent to guide you in the right direction.

One method of buying property that has seen its popularity rise is the auction – not only does it open up a variety of homes for you to consider, but there’s every chance one will fit your chosen criteria.

Auctions are increasing in popularity across Brisbane at the moment, with the latest analysis from RP Data showing a rise in activity throughout the Queensland capital.

During the week ending 19 October, a preliminary clearance rate of 50.5 per cent was registered, up from 48.8 per cent the previous week.

While this might not be the highest clearance rate in the country, it still shows that more people are heading down to auction with the intention of buying their next property.

However, as interest continues to rise, there’s every chance that competition for the best real estate will also increase.

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