Regardless of whether you're interested in buying real estate in Brunswick or elsewhere, the basic approach is the same nationwide. Auctioning is becoming an extremely popular sales method for property and the chance of being involved in an auction sale in Australia is high.
Therefore, being prepared and having a decent idea about what to expect is often the difference between property success and missing your opportunity. Here are some tips to help you make the most of your experience.
Understanding the recent median sales prices, auction clearance rates and other factors will give you an insight into the state of the market, giving you the insight to know whether the auction you're at is asking for a realistic price or not.
Figuring our how much you need to borrow towards purchasing a property can help you budget your approach to the market. Setting an upper financial limit is important, otherwise you might find yourself overextending your money and ending up with a larger debt than you're capable – or comfortable – with paying back.