Hopes of cheap water views dashed at auction
It offered buyers the prospect of snagging sublime harbour views for a price around the $800,000 mark, but it didn’t quite work out that way when a north shore unit went to auction.
It offered buyers the prospect of snagging sublime harbour views for a price around the $800,000 mark, but it didn’t quite work out that way when a north shore unit went to auction.
Registrations are up at Sydney auctions only months after many sales were attracting only a single bidder, with a large turnout at one inner west auction forcing the buyer to spend big.
Property prices have started to grow again in pockets of Sydney where home sellers were only recently offering big discounts to bait buyers.
Housing demand has bounced back across much of Sydney, but activity has been particularly strong in city regions where a tight supply of listings has created stiff competition between buyers.
A swimming pool was once the dream of many Aussie families, but many homeowners with pools are starting to get rid of them after realising they could make millions.
A grand Surry Hills terrace near the coming light rail line has sold under the hammer for $700,000 above the reserve price, netting the vendors a price not even the agents expected.
Home sellers have been getting good results at auctions this weekend and can thank a recent market change for helping even common properties sell for higher than expected prices.
Housing has become more affordable than at any other time in the past two decades thanks to multiple changes in the property market, with the improvements varying between capitals.
Signs are emerging that the property market is beginning to recover after nearly two years of price falls, but there remain risks for buyers and sellers in certain city areas.
The housing market has become caught in a Catch 22 situation that’s preventing many homeowners from selling their properties and making it harder for buyers to make a move.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/149