Current market data does not provide specific auction clearance rates for Pakenham and Officer in 2026. However, overall selling timeframes are lengthening as buyers take more time to confirm finance.
Current selling timeframes
Well-priced and well-presented properties are currently taking 30 to 45 days to sell. This means campaigns are running slightly longer than they were 12 months ago, requiring sellers to adjust their expectations regarding speed of sale.
Pressure on house prices
Two RBA rate rises in the past two months have tightened buyer borrowing capacity. This is directly impacting the prices people are willing to pay, particularly for properties at the top end of the market.
The honest reality
Homes that launch above the current buyer pool develop market stigma fast. Buyers assume something is wrong with a property that has been sitting, and that assumption costs a seller more than a correct price from day one ever would.
Questions to consider
- Is your property priced within the deepest buyer pool of $550,000 to $720,000, or in a thinner market bracket?
- How have the recent RBA rate rises shifted the borrowing capacity of your likely buyers?
- If your property is taking longer than 45 days to sell, is it a result of presentation or an outdated price point?
Talk to KR Peters for a straight-talking appraisal with no obligation.
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Market information is general in nature and reflects conditions
at the time of publication. For advice specific to your property,
contact KR Peters.