Damien Cooley is one of Australia's most well known auctioneers and is managing director of Cooley Auctions and the founder of AuctionNow, which has been critical in transitioning the real estate market from in-person to online. In today’s episode, we discuss how buyers and sellers have reacted to the restrictions, the technology that has helped transition the market, and eye-opening data, including: clearance rates, region-specific data and utilisation of online tools.

Here’s what we cover:
How did the covid-19 restrictions affect auctions?
With the technology existing for years, how many auctions were run online?
Who cancelled their auctions first? 
How does AuctionNow work with different state legislation?
How has the clearance rate changed over the last quarter?
Has online auction now been normalised?
Why did certain regions not adapt to online auctions?
What happened to the vendors who were caught in March?
Despite the market being tough, will there always be scarce property for sale?
Since open houses are back on, will they go back to the norm?
Why is this the best time to get back in the market?
Is it off market or is it pre-market
How are banks pulling finance from clients days before settlement?
How to get ahead in auctions?

MENTIONED EPISODES:Episode 1 | Simon RussellEpisode 2 | Damien CooleyEpisode 115 | Eliza Owen

GUEST LINKS:Cooley AuctionsAuctionNowCooley Index

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 13 May, 2020.

Damien Cooley is one of Australia's most well known auctioneers and is managing director of Cooley Auctions and the founder of AuctionNow, which has been critical in transitioning the real estate market from in-person to online. In today’s episode, we discuss how buyers and sellers have reacted to the restrictions, the technology that has helped transition the market, and eye-opening data, including: clearance rates, region-specific data and utilisation of online tools. Here’s what we cover: <ul> <li style="font-weight: 400;">How did the covid-19 restrictions affect auctions?</li> <li style="font-weight: 400;">With the technology existing for years, how many auctions were run online?</li> <li style="font-weight: 400;">Who cancelled their auctions first? </li> <li style="font-weight: 400;">How does AuctionNow work with different state legislation?</li> <li style="font-weight: 400;">How has the clearance rate changed over the last quarter?</li> <li style="font-weight: 400;">Has online auction now been normalised?</li> <li style="font-weight: 400;">Why did certain regions not adapt to online auctions?</li> <li style="font-weight: 400;">What happened to the vendors who were caught in March?</li> <li style="font-weight: 400;">Despite the market being tough, will there always be scarce property for sale?</li> <li style="font-weight: 400;">Since open houses are back on, will they go back to the norm?</li> <li style="font-weight: 400;">Why is this the best time to get back in the market?</li> <li style="font-weight: 400;">Is it off market or is it pre-market</li> <li style="font-weight: 400;">How are banks pulling finance from clients days before settlement?</li> <li style="font-weight: 400;">How to get ahead in auctions?</li> </ul> MENTIONED EPISODES:<a href="https://www.theelephantintheroom.com.au/podcasts/1" target="_blank" rel="noopener">Episode 1 | Simon Russell</a> <a href="https://www.theelephantintheroom.com.au/podcasts/2" target="_blank" rel="noopener">Episode 2 | Damien Cooley</a> <a href="https://www.theelephantintheroom.com.au/podcasts/115" target="_blank" rel="noopener">Episode 115 | Eliza Owen</a> GUEST LINKS:<a href="https://cooleyauctions.com.au/" target="_blank" rel="noopener">Cooley Auctions</a> <a href="https://auctionnow.com.au/#/" target="_blank" rel="noopener">AuctionNow</a> <a href="https://cooleyauctions.com.au/resources/cooley-index/" target="_blank" rel="noopener">Cooley Index</a> HOST LINKS:Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au" target="_blank" rel="noopener">www.gooddeeds.com.au</a> Work with Veronica: <a href="mailto:info@gooddeeds.com.au" target="_blank" rel="noopener">info@gooddeeds.com.au</a>  Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/" target="_blank" rel="noopener">www.wealthful.com.au</a> Work with Chris: <a href="mailto:hello@wealthful.com.au" target="_blank" rel="noopener">hello@wealthful.com.au</a> Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:<a href="http://www.getauctionready.com.au" target="_blank" rel="noopener">www.getauctionready.com.au</a> Use the coupon ELEPHANT for your 30% listener discount. EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 13 May, 2020.

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

The Elephant In The Room Property Podcast | Inside Australian Real Estate

How have auctions adapted to restrictions and is this paving the way for a new normal?

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