Agents reflect on crazy COVID-19 housing boom when house prices jumped $100,000 in weeks

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Agents reflect on crazy COVID-19 housing boom when house prices jumped $100,000 in weeks
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For much of the pandemic we have been hearing about the impact of the booming housing market, but what has it been like for those working in the real estate industry? And why are some Queensland agents thankful the market is finally cooling?

"Most Saturdays I was doing 18 auctions a day. That's roughly one every half hour," Mr Nickerson said.He facilitated many memorable sales but one that stuck out was a property that sold the same day Brisbane was announced as host of the 2032 Olympics."The home got launched as a private treaty but there was so much interest after the first open home, the sellers decided to go to auction."Effectively the property sold in three minutes.

On the day Brisbane was announced as the 2032 Olympic Games host, one property sold in just three minutes.Mr McCrea said everyone buying property in that period knew they were "paying too much but if they didn't someone else would". "I remember people buying properties that broke street records but within six months that price looked like a bargain," he said.

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