Property buyers spooked by talk of another rate rise
Nila SweeneyReporter
Two three-bedroom houses in Sydney were sold for at least $160,000 more than their auction reserve price at the weekend, but agents warn such results will prove harder to find – as buyers get more cautious amid talk of further interest rate rises.
Sydney-based auctioneer Clarence White said there had been a notable pull-back by buyers in the past week and fewer were willing to bid higher than the reserve.
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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au
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