Auction hotspots in Adelaide: which suburbs are leading the spring wave? – real estate.com.au

Adelaide is gearing up for a bumper auction weekend, with PropTrack data showing the number of auctions set to go under the hammer is significantly higher than previous weeks.

According to the figures, 207 properties will go to auction by the end of the weekend.

This is higher than last week’s 132, the previous week’s 103 and the week before that was 124.

Nevertheless, it is still 5 percent lower than the number of properties for sale in the same week last year.

In short, 200 of this week’s auctions will be held in metropolitan Adelaide, while the other seven will be in regional South Australia.

There are 192 auctions scheduled across South Australia in the coming week, before falling off a cliff the following week where only 54 will go to auction.

Clearview, 8km north of Adelaide in the town of Port Adelaide Enfield, and Rostrevor, 10km north-east of Adelaide in both the town of Campbelltown and Adelaide Hills Council, are the state’s major auction suburbs with six auctions planned each, followed closely by Magill, in Adelaide’s east, and Prospect, in north Adelaide, with five each.

More than 200 SA homes came to auction this week.

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Hillcrest completed the top five with four planned auctions.

Adelaide’s stellar auction week mirrors other blockbuster weeks across the country, including Victoria, where 1812 properties will go to auction, and 1071 in New South Wales.

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Darren Piper, director of Universal Buyers Agents, said spring brought a flood of quality properties onto the market, but of course only one person can win, meaning many miss the opportunity.

So how can you maximize your chances of winning?

Here are some insider tips to help you bid like a pro, he says.

1. Understand the auction clearance rate

The number of auctions is a good snapshot of market temperature, he says.

“A percentage above 70 percent usually means that buyer confidence is high and competition is fierce,” he says.

“Lower rates of around 40 to 50 percent could indicate more opportunities for savvy buyers.”

2. Do your homework

“Before you even think about making an offer, you must first approve your financing,” he says.

“Go to some auctions to see how the pros do it.

“Research comparable recent sales so you know what a fair price really looks like.

“Confidence comes from preparation – and salespeople can feel it.”

3. Don’t obsess over the minimum price

It’s tempting to fixate on what the seller might accept, Piper says, but reserves can change up until auction day.

“Instead, set your own walk-away price based on facts, not emotions,” he says.

“If the offer exceeds your limit, stand back and smile – the right house is still waiting for you.”

4. Use body language to your advantage

“Project confidence, even when your heart is beating faster,” he says.

“Open with a strong bid near the reserve, make your bid quickly and don’t hesitate. “Hesitation indicates weakness. Fast, assertive bidding often means your competition stops sooner.”

5. Remain calm when entering the home

If no one meets the reserve, the highest bidder will have the first chance to negotiate,” he says.

“This is where emotions run high and where having an expert negotiator by your side can save you thousands of dollars.”

6. Don’t let FOMO drive your decisions

The fear of missing out is one of the most expensive mistakes buyers make, Piper says.

“If you lose an auction, take it as information and not as failure.

‘The right property will become available quickly, and your preparation will pay off.’