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Could auctions be right for your Belconnen real estate endeavours?

By Ben Faulks

If you're interested in buying Belconnen real estate in the near future, now could be a great time to consider immersing yourself in the market and start investigating. The latest blog post by RP Data has highlighted the rising strength of Australia's auction market, with the average auction clearance rate for property sales across the nation's capital city rising to 68.7 per cent over the last week (6-12 October). 

There are a number of benefits to considering auctions as your preferred buying method. One of the major ones is speed, with an auction often being a single, self-contained event. Once the hammer drops, the contract has been sold and the transaction is ready to go. While there are some instances where this isn't the case, more often than not it's a sure thing. 

Furthermore, some people thrive on the element of competition involved with buying at auction. When you're actively bidding against other buyers, it can be a thrilling experience. Having other buyer's reaffirm your own idea of the property's value can also be a comforting thought to have during the sales process.

Get in touch with a local real estate agent to begin looking for the right property for you and your family in Belconnen. 

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