Auction Wrap

Auction Wrap

A big week in the rooms — one sold, two passed in.

What stood out most wasn’t the results on paper, but the shift in energy. More people are attending. More phones are ringing. More buyers are engaged — but many still holding back from bidding unconditionally.

Values aren’t miles apart. The gap is there, but it’s narrow and leading to post-auction negotiations that are fierce — we’ve had multi-offers on almost every property. 

What we see is the tide turning. Rate cuts are doing their job easing the pressure, buyers are dipping their toes again. We need just a little more confidence in the market to accelerate demand — and that’s when momentum returns.