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Aidan Devine
Aidan DevineReal estate editor

Aidan Devine is the real estate editor for the Daily Telegraph.

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Sydney
Jarita Banerjee and her two daughters Ameiya 13yrs (red top) and Nia 16yrs (blue top)  who are selling up their two-bedroom unit in Lane Cove to upgrade to a larger home.PictureÕs Darren Leigh Roberts

The buyers dominating home sales

Demand for real estate sales has nearly doubled since the height of the coronavirus lockdown period in April but it’s largely due to one buyer group who have been spending big.

Sydney
Auctioneer Andrew Cooley receives bids at the auction of a Riverwood house on Saturday, June 20, 2020. NSW real estate.

Success rate of auctions increases

Sydney’s auction market has been steadily strengthening and is in a stronger position than over this time last year, research shows. One sale saw a buyer pay $1.42m just to bulldoze a house down.

Real Estate
7 Nottingham Street, Jordan Springs. NSW Penrith Real Estate

RBA feared crash in house prices

The Reserve Bank may have had a gloomier view of the housing market than public announcements would suggest, with internal documents from May revealing how prices were expected to change.

Sydney
Red For Rent Real Estate Sign in Front House.

One in six rental homes empty

Landlords are under renewed pressure to cut rental prices following another pandemic-driven surge in vacancies. It’s left Sydney with a dubious distinction among capitals.

Sydney
5 Yarra Burra Street, Gymea Bay, NSW  real estate.

Competition heating up at auctions

Nearly 500 NSW properties went under the hammer this weekend, with preliminary results revealing most sellers scored prices over their reserves due to heated buyer competition.

Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/124