The SA suburbs prompting a bidding frenzy

South Australians are more comfortable with auctions than ever, with many sellers using the sales method to get great prices. These are the SA suburbs where bidders are going nuts.

Looking to sell your property this spring? Have you considered auction?

Ray White data shows properties taken to auction across metropolitan Adelaide in August through the agency – one of the largest in both the state and the country – attracted, on average, six registered bidders, with about 3.1 of these having a bid on the day.

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Of data supplied by the company going back to January 2021, the current result is in line with the average for that period – six registered bidders per property, with three active bidders.

The biggest month for bidding registrations was July 2021, with an average of 9.1 and 4.3 of these placing a bid – also a record.

According to the agency, Marion homes currently attract the highest number of active bidders per property, at 4.7.

They also attract an average of 7.6 registered bidders, with 10.8 per cent of all homes listed with an auction campaign selling prior.

Ray White Glenelg salesperson Samuel Paton.

Ray White Glenelg selling agent Samuel Paton said he recommended auctions to any sellers looking to get the best price in a timely manner.

“When the supply and demand equation is heavily in the seller’s favour I always recommend auction,” he said.

He said the shift towards auctions during the Covid-19 pandemic had meant today’s buyers and sellers felt confident using the sale method.

“What I have definitely noticed is that buyers have become a lot more comfortable with auction, partly because they have to be, but also because they love the transparency of the method,” he said.

Chris and Tania O’Brien at her late parents’ home she is currently selling in Marion. Picture: Keryn Stevens

School services officer Tania O’Brien and her husband, Chris, are currently selling her late parents’ 16 Tilley Court, Marion, home through Mr Paton and she said she had seen the market take off in the suburb in recent years.

“With properties selling so quickly in that area at auction, we’re hoping to get the best price, and we think auction will do that for us,” Ms O’Brien said.

Nipping at Marion’s heels for the most active bidders are Salisbury and Ingle Farm, both with 4.2 – and both attracted almost the same average number of bidder registrations at 8.8 and 8.9, respectively.

CBD properties going to auction are currently attracting 5.3 bidding registrations, with 2.8 of them having a crack on the day.

Chris and Tania O’Brien at her late parents’ home she is currently selling in Marion. Picture: Keryn Stevens

Meanwhile, separate PropTrack data shows Charles Sturt is the state’s most popular council area for auctions, with 30 scheduled so far this year.

To the same time last year, the council area had just nine, representing an increase of 233 per cent.

Harcourts Packham‘s James Packham.

Harcourts Packham managing director James Packham said the relative shortage of properties on the market meant buyers continued to pay high premiums for quality real estate, even at auction.

“Auctions are seeing strong results, with our company recording a 100 per cent clearance rate for the 2023 calendar year, compared with 73 per cent across the wider South Australian market,” he said.