RWC is rounding out the year with a bang… of the gavel, with more than 60 properties set to go under the hammer over the next month.
Throughout 2024, RWC has scheduled 417 auctions, up 9.2 per cent on last year, as the commercial property market starts to bounce back.
“2024 has been a huge year for auctions at RWC, but it’s not over yet, with more than 60 properties set to go under the hammer at our End of Year Auction Showcase,” RWC head James Linacre said.
“With a variety of properties up for auction from Queensland, NSW, Victoria, ACT and Western Australia, it provides the perfect opportunity for investors and owner occupiers alike to snap up a commercial asset before the year closes out.”
Ray White head of research Vanessa Rader said it was encouraging to see this volume of quality assets come to the market, highlighting a possible turning point for the commercial property market.
“2024 saw less distressed properties than anticipated, therefore savvy buyer numbers have grown keen to purchase quality opportunities during a time where downside risk looks minimised,” Ms Rader said.
“The recent announcement of inflation now within the 2 to 3 per cent band fueling confidence of interest rate reductions in the new year further enhancing the attractiveness of many commercial assets.”
The auctions will kick off on November 13, with 12 properties going under the hammer on day one. The End of Year Auction Showcase will run until December 13.
A full list of properties up for auction can be found here.
