National Brokers Network

Auction markets blooming in spring

Real estate auction has awakened from the winter hibernation as the industry bids the cold grind goodbye. Over the weekend, property markets such as Melbourne bloomed this early spring as a 71 per cent clearance rate was posted from a preliminary auction clearance.

“This has been the most vibrant auction market since the middle of February this year with three consecutive weeks over 70 per cent,” RP Data Melbourne market expert Robert Larocca said.

There were 888 auctions across Melbourne last week. Of the 784 results reported to RP Data, 557 were sold under the hammer or sold before or after auction.

Across the nation, there are 2,057 auctions scheduled this week. In capital cities there are 1,692 auctions expected compared to 1,054 for the same period last year.

The RBA’s decision to keep interest rates at current low levels is seen to having a positive effect on the spring auction market. For more information on how get the most of this spring’s auction, visit R&H Business Broker Victoria’s auction page and be sure to subscribe to our newsletter for all the hot properties that are being auctioned.

Image source: Heruldsun

Confidentiality Agreement

In Consideration of the Vendor of the subject business, or any other business introduced to the Proposed Purchaser and their agent National Brokers Network (“the agent”) providing information to the Prospective Purchaser, the Prospective Purchaser agrees:

1. To keep all information provided confidential in respect to the subject business and any other business introduced to the Prospective Purchaser by the Agent.
2. That no information is to be disclosed by the Prospective Purchaser to any third party without consent by the Agent;
3. That it will not use for themselves. Or for others benefit, such information other than to Purchase the subject business or other business introduced by the Agent;
4. That any agreement to purchase the whole or portion of the business shall be exclusively through the Agent;
5. To immediately return to the Agent all such information and other details in written form including any drawings and any copies made of written information, notes, summaries or extracts of any document therefor if any when requested by the Agent;
6. Under no circumstances will the Prospective Purchaser make direct contact with the vendor of the subject business or other introduced business without the prior written consent of the Agent;
7. If the Prospective Purchaser breaches this agreement or buys the business direct from the Vendor, the Prospective purchaser is liable to and indemnifies the Agent for any and all losses the agent may incur including economic loss and loss of income.v

Client Signature (Sign on the box below)