Evan Thornley’s Post

Welcome to this week’s Real Estate Wrap with Leanne Pilkington, CEO of Laing+Simmons and President of the Real Estate Institute of Australia. Key points: • Auction Activity Decline: Combined capital city auctions have decreased to 1,790 homes this week, down by 11.8% from last week. • Sydney is showing resilience with 803 auctions scheduled, marking a 4.8% increase from last week and a substantial 41.6% rise from this time last year.  • Winter Slowdown: Looking ahead, just under 1,500 homes are set for auction across the capitals next week, indicating the onset of the seasonal slowdown. Stay informed with our weekly updates. Source: CoreLogic Australia #therealestatewrap #sydneyrealestate #leannepilkington

Cooler auction market? 🔥 Investor opportunity? Absolutely! Check out latest insights on the shifting property landscape. Fewer auctions might just be the opening you've been waiting for. Ready to make your move? Book your FREE consultation and let's unlock your property potential together. 👉 https://lnkd.in/gGhW7djk #propertyinvestment #auctionstrategy #lagosfinancial

Market News: Rightmove July’s House Price Index report that sales agreed are at a 15%▲ increase compared to the same time last year. ⏰1 Week to Go until our Next Auction - 24 July 2024 at 2:30PM View catalogue: https://lnkd.in/eZvjCkjE With just 1 week to go it is time to get organised, there are some great deals available. * Pre-Auction Offers – some sellers will consider sales prior to auction. * Viewings – there is still time to view lots - speak to our expert team. * Legals – review the lot legal pack which is available on our website. * Video Tours – are available https://lnkd.in/eahfYKd8 * Get Registered - early registration is best, if you are unavailable on the day, proxy forms can also be completed with your best and final offer and we can bid on your behalf up to your maximum bid level. Contact us: 📞 0116 254 3373 📧 info@shonkibrothers.com #kssb #leicester #leicesterproperty #leicesterestateagent #kalsangraauction #propertyauctioneers #propertyauctions #auctionhouse #auctionproperty #auctionsale #auction #leicester #eastmidlands #land #development #investment

Despite the election season, our June property auction saw enthusiastic participation and strong bidding! 🏠 Buyers and sellers didn't let political uncertainty slow them down, proving the resilience and strength of the property market ✨ Robert Hurst, our auction surveyor, shared his thoughts in an article from the EDP: https://lnkd.in/edhtPQxY Ready to join the action? Check out our upcoming auctions and find your next investment opportunity! 📈 #PropertyAuction #InvestmentOpportunity #AuctionHouse

1 Week to Go until our Next Auction https://lnkd.in/eFGMeMaJ Seasonally, the property market perks up this time of year with a sense of Spring optimism. Let’s take a look at house prices -   Early-bird buyers build market momentum but price sensitivity remains. The best news from the property price indices though is the consistency of feedback that sales are up by 16% (Rightmove). However, the market remains very price-sensitive, with properties that are priced accurately being snapped up by budget-conscious buyers.* *Source:TheNegotiator In our 17 April 2024 Auction we will again be offering a select mix of properties all competitively priced 10-15% below market value.   Viewings available: 📞 0116 254 3373 📧 info@shonkibrothers.com #kssb #leicester #leicesterproperty #leicesterestateagent #kalsangraauction #propertyauctioneers #propertyauctions #auctionhouse #auctionproperty #auctionsale #auction #leicester #eastmidlands #land #development #investment

🏡 Exciting news in the real estate world! A Brunswick house, which last sold for $75,000, recently fetched a staggering $1,553,000 in a bidding war. The vendors, who had cherished the home for 45 years, were understandably emotional about saying goodbye. To read the heartwarming story, click the link below. 🔗 [Click here to read the full story](https://lnkd.in/g8nA9pUy) 🏢 Looking for more real estate news and updates? Connect with us for the latest in the market. #RealEstateNews #PropertyUpdates #StayInformed

And The Hammer Is Down... 🔨 🏠 Farholme Lane, Bacup This landlord came to us wanting a quick, secure sale as he had other projects in # Manchester. After an in-depth discussion about marketing, we both agreed that auction was the best route. 🛣️ Even though this property has recently been renovated, it worked for the landlord. It was secure with a reservation fee, it will be completed within 56 days, and the marketing was all the same with cheaper fees, it was a WIN-WIN 🤑 After some price adjustments, we managed to secure £5️⃣0️⃣0️⃣0️⃣ over the auction starting bid and now have an agreed sale. In the last week, Farrar & Forbes have agreed sales of 5️⃣ properties. Who says January is a slow month? 🤔 If you're looking to sell your property, contact our office. 📱 01282 914042 📧 Burnley@farrarandforbes.co.uk 💻 Farrarandforbes.co.uk #bacup #propertyinvestment #propertymanagement #propertyforsale #sold #auction #lancashire #investment #landlords #landlordtips #renovation #decoration #buyingahome #auction2025 #estateagent #realestate #fypシ゚

For the week ending 7th July 2024, Brisbane recorded an auction clearance rate of 79% from 134 auctions. ✍🏻 This represents a significant increase from the previous week's rate of 62.9% from 159 auctions, indicating a strong rebound in market activity. As this was the last Sunday of Queensland school holidays, it will be interesting to see how auction numbers and clearance rates evolve in the coming weeks. Historically, market activity picks up after the holiday period and this recent surge could be an early indication of that trend. Despite recent fluctuations, there is strong demand from owner-occupiers and investors alike, supporting the overall resilience of the Brisbane property market. #brisbanebuyersadvocate

Following the coming into force yesterday of regulations enabling rental auctions of vacant high street properties, the Government has also published non-statutory guidance. Of particular interest to planners, the guidance adds detail on options other than auctions available to local authorities and communities to revitalise high streets. It also talks about a constructive and pragmatic dialogue between LPAs and landlords, for example where a property is vacant where it is due to be redeveloped. https://lnkd.in/eSxqzs3a

Got a few quid to spare? Fancy buying a house? Then this one might be right up your street (however you will need to do a bit of work to the place before moving in) #paulfoshauctions #buywithpaul #propertyauctions #onlinepropertyauctions #southwalesproperty #propertyrenovation #buypropertyatauction #cheapproperty Paul Fosh