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Residential sales by auction : a property type or geographic consideration

Eves, Chris (2006) Residential sales by auction : a property type or geographic consideration. In Proceeding of the 13th Annual European Real Estate Society Conference, The European Real Estate Society (ERES), Bauhaus University, Weimar.

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Abstract

The sale of residential property by auction is a preferred sale method by real estate agents, but not always preferred by some vendors and most residential property buyers.

In many residential property markets, the performance and measure of residential property market activity is based on the number of properties offered for sale by auction, auction clearance rates and the number of properties sold prior to auction.

However, in many specific residential property markets, sale by auction may not be the preferred or supported method of sale.

This paper will review the type of residential property sale within the Sydney residential property market and track the auction sales and clearance rates for Sydney over the past 5 months and compare these results in relation to clearance rates, passed in sales, and properties sold prior to auction

This will provide a breakdown of real estate agency sale practice over a large metropolitan region to determine the impact of geographic location and socio-economic factors on the auction of residential property.

In addition the paper will analyse the weekly auction sales in the Sydney residential property market to determine what areas of Sydney have the greatest number of house auctions and the performance of the auctions in relation location and socio economic factors.

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ID Code: 28814
Item Type: Conference Paper
Keywords: Residential property, house sales, auction sales, private treaty sales, residential property sectors
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2006 Please consult the author.
Deposited On: 24 Nov 2009 16:00
Last Modified: 10 Jun 2010 00:11

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