Determined house hunters had their blinders on at auctions over the weekend with spirited bidding and strong clearance rates showing the impact of the coronavirus on confidence levels has yet to infiltrate the property market.
It was the first weekend since the Reserve Bank cut interest rates to a record low of 0.5 per cent and buyers in Sydney responded eagerly with 80.5 per cent of the 675 properties scheduled for auction selling under the hammer, according to preliminary results collected by Domain.
Loading...
Ingrid Fuary-Wagner is the AFR's explainer editor, based in Sydney. She previously wrote about property and before that was news editor at Domain. Connect with Ingrid on Twitter. Email Ingrid at ingrid.fuary-wagner@afr.com
