
Episode #5
Aaron Davis: NZ's Top Auctioneer on What Australia's Property Market Could Look Like in Five Years, and How to Act
Aaron Davis is Harcourts' charismatic "Auction Champion" - one of New Zealand's most in-demand auctioneers, with 20 years in the industry and somewhere in the region of 10,000 auctions called. New Zealand's market has been "moderating" (softening) for five years. Off the 2021 peak, most Auckland homes are now selling for around 20% less than their owners paid, and last year one in four resales went for less than the original purchase price. Aaron's take: markets don't make anyone look good anymore, and the agents still winning are the ones who deal only in the truth... relative to today, not to what a property was worth in 2021 or might be worth next year. Aaron and Luke get into what he calls "the gap" between vendor expectation and real market value, why buyer feedback reports are mostly fiction, how pre-booked strategy meetings remove the anxiety from a campaign, cash-versus-conditional-versus-trade offers in a market with fewer buyers, and why re-pricing a property the moment it fails at auction beats sitting on a number that's gone stale. For agents watching Australia's east coast start to soften, this is a five-year head start from someone who's already lived through it. ---------------------------------------------- New Zealand real estate, Auckland property market, auctioneer, Harcourts, real estate auctions, property clearance rates, moderating market, negative equity, real estate podcast, price conditioning, vendor management, auction strategy, real estate agent training, Luke Who's Talking

