28th November 2018 / Beth Oleyar: AUCTION SNAPSHOT | 1 & 2 December

With one of the toughest Spring auction markets in several years now coming to a close, the Real Estate Institute of Australia president, Malcolm Gunning said the federal government's tightening of lending had slowed house price growth and created an 'artificial credit squeeze', signaling that the correction is part of ensuring a sustainable market.

To make the most of today's market, the REA Group suggests buyers bid based on where they see value, confirm you're pre-approved for finance and ensure to buy with a safety margin in mind. If you're selling, keep in mind this is the best market to sell in if you're upsizing, focus on the imagery and presentation of your home and listen to buyer feedback on price.

Over the weekend, Greg Taylor of Fletchers Banyule sold a perfectly presented and instantly appealing 3-bedroom home on Ellesmere Parade for $830,000, featuring a private rear courtyard, new carpets and front yard picket fence.