The past year and a half has seen a consistent pattern in auction participation . On average , auctions attract 4.4 registered bidders , with 2.8 of these typically engaging actively in the bidding process . These numbers closely align with last month ’ s figures of 4.6 and 2.9 , respectively .
Financing continues to be a key concern for many potential buyers . Interest rate changes play a crucial role in shaping their decisions to commit to property purchases . However , if the current trend of high price growth persists , we might see an increase in buyers choosing to secure properties earlier , potentially leading to higher participation rates at auctions .
Ray White bidder activity
Registered and active bidders at auction - Australia
Average Active Bidders
Average Registered Bidders
8 |
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7 |
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6 |
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5 |
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4 |
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3 |
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2 |
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1 |
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0 Jan 2021 |
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Apr |
Source : Ray White