Res­i­den­tial BIG CALL AUC­TION BIG SUC­CESS

BUY­ERS TAKE TO BID­DING

Cockburn Gazette - - RESIDENTIA­L -

CAPORN Young’s auc­tion ex­trav­a­ganza ‘The Big Call’ was a huge suc­cess, sell­ing more than $7.6 mil­lion worth of real es­tate in un­der 24 hours.

The Oc­to­ber 29 event saw seven of 11 prop­er­ties sold, in­clud­ing 5A River­side Drive, East Fre­man­tle and 20 Mor­ri­ett Street, At­tadale. Caporn Young head of mar­ket­ing Pa­tri­cia Cheah said it was an ac­tion-packed day.

“An old church on 809sq m in Hill Street, South Perth at­tracted the most at­ten­tion, with four bid­ders com­pet­ing for the prop­erty,” she said.

Chief ex­ec­u­tive Richard Young said it was great to see the team out in the field do­ing the best by their clients.

“The auc­tion process is a good way to sell, it’s a trans­par­ent process for both buy­ers and sell­ers,” he said. “Buy­ers can see who their com­pe­ti­tion is and sell­ers know that peo­ple are there ready to buy.” Mr Young said auc­tions were slowly but surely be­ing em­braced by a lot more buy­ers and sell­ers. “We started this process seven years ago and it has taken that long to turn the tide,” he said.

Novem­ber is tra­di­tion­ally one of the busiest months for auc­tions in Perth, with more than 200 booked last year.

Caporn Young al­ready has 27 auc­tions booked for the month, in­clud­ing 10 sched­uled for Novem­ber 19 and 11 booked for Novem­ber 26 and is ex­pect­ing the mo­men­tum to con­tinue into De­cem­ber.

These two prop­er­ties – 5A River­side Drive and an old church in Hill St – both sold on the day.

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