Cal­i­for­nia dream­ing

Herald Sun - Property - - MARKET WRAP -

WBP Prop­erty Group ex­ec­u­tive chair­man Gre­ville Pabst ex­pects last week­end’s auc­tion flurry to con­tinue.

“Buy­ers have re­sponded pos­i­tively to the up­lift of list­ing as vol­umes bounce back fol­low­ing an Easter and Anzac Day week­end hia­tus,” he said.

“This is a re­as­sur­ing sign as list­ings in­crease fur­ther in May be­fore ex­pe­ri­enc­ing a sea­sonal de­cline in up­com­ing win­ter months, and un­known im­pact to buyer sen­ti­ment in the lead up to and fol­low­ing the pro­posed July 2 elec­tion.”

Wake­lin Prop­erty Ad­vi­sory as­so­ciate di­rec­tor Jar­rod McCabe pre­dicted the mar­ket would re­main solid through au­tumn. “I sus­pect the au­tumn mar­ket will end on a strong note with plenty of great prop­er­ties com­ing up for auc­tion through­out May,” he said.

More than 1070 auc­tions are sched­uled for this week­end.

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