This four bedroom house at 13 Bellevue Crescent, Whitfield is listed with Ray Murphy at RE/MAX and will be auctioned on September 22, unless sold prior.
Multiple and rapid offers on Far Northern properties are signs an auction is worth considering Cairns real estate agents say.
The social distancing laws enforced on the real estate market had stalled auction activity across the country, with the Far North going weeks at a time without a property under the hammer during the height of the pandemic.
REIQ Far North zone chair Tom Quaid said despite the lockdowns, demand for homes had never died.
“It’s been the story of the Cairns real estate market for the last four months — there’s more buyers than sellers,’ Mr Quaid said.
This four-bedroom house at 13 Bellevue Crescent, Whitfield is listed with Ray Murphy at RE/MAX and will be auctioned on September 22, unless sold prior.
“When you’re getting multiple offers on one property and they’re coming in quickly, it’s worth considering an auction to get the most value out of that demand.”
He said sellers considering an auction could benefit from longer campaigns, allowing buyers more time to prepare finances while banks tightened their lending.
RE/MAX broker-owner Ray Murphy said his office was experiencing a rise in demand for auctions.
“If they don’t sell prior, we’ll do about 30 in September. We did about 10 in June,” he said.
“Sellers are actually asking us more about the process and with the number of properties we’re selling sight unseen, now is the time for auction. It’s getting more Victorians interested in our market too.”
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