Truth behind Sydney’s weak auction results
Fewer than half the Sydney homes going to auction are selling successfully under the hammer, new figures show, but the market may in fact be stronger than the seemingly dour numbers suggest.
Fewer than half the Sydney homes going to auction are selling successfully under the hammer, new figures show, but the market may in fact be stronger than the seemingly dour numbers suggest.
House prices might be down across most of Sydney — but they are still rising by up to $220,000 a year in pockets of the city where a new influx of buyers has increased competition for properties.
THERE’S a link between the current housing slump and a pattern that shows up in the Terminator franchise and other time travel films, along with a prophetic Shakespearean tragedy.
Labor’s planned changes to negative gearing will be so dangerous during the property market’s current downturn they may “trip the economy into a recession’’, experts have warned.
THERE’S an upside to falling property prices — it is now cheaper to pay down a mortgage on a home in a growing list of areas, including one major Sydney suburb.
SYDNEY real estate could be in for a longer slump than once thought, with one expert revealing agents are now “dying to get rid” of listings, giving buyers an unprecedented chance to cash in.
A SHIFT from banks has given sellers a nasty surprise at recent Sydney auctions, but new research suggests the trend could send the market deeper into unchartered territory.
IT’S a buyer’s market — so seemingly there would be nothing to lose by taking a shot with a low-ball offer on the home you’re interested in, but the reality is quite different.
HOME sellers have been losing more than $100,000 in some of the Sydney regions that have been the worst hit by the current real estate market slump, including in a band of suburbs 15-25km from the CBD.
THE PROPORTION of Sydney homes that passed in at auction rose to a decade high last week and market analysts are warning a new approach from buyers could prolong the slump.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/167