Sydney auction market proves resilient despite massive rate rises MrSamMurden
Buyers are remaining steadfast and continuing to put up high priced bids despite an interest rate rise earlier in the week.Listed for $1.5 million,Matthew Carvalho and Bianca Field from Ray White Surry Hills sold the property, with Mr Carvalho being encouraged by the result.“I’ve been surprised by the activity at open homes today given it’s the weekend after a rate rise,” Mr Carvalho said.The successful buyer was from Brisbane but has children who go to boarding school in Sydney.
The three-level terrace featured a home office, a kitchen, oversized bedrooms, bathrooms and a central stairwell.Location was also a major selling point for the property, being a close walk to local parks, shops, cafes and a short commute to the harbour and surrounding CBD.“Before today we had four buyers who indicated they were coming to the auction and then we had three people registered after only seeing the home for the first time today – one of those bidders went all the way up to $1.
“There’s always an increase of supply through spring but this year I think it won’t be at the same level as the last two years.” Elsewhere in the city, a four-bedroom and one bathroom home in Carlton has sold for the first time in 64 years.presented buyers with a large block of land offering two street frontages in a highly sought after location.This was $35,000 above the reserve price of $1.425m.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Half-built mystery home in Leura baffles buyers - realestate.com.auA half built 'unlivable' house in the Blue Mountains has drawn hundreds of flabbergasted buyers through it in just 10 days - thanks to its quirky design and cheap price guide. Take a tour 👇🏡
Read more »
Moving On Up: RuPaul Down Under star Art Simone lives away from the glitter and glitz - realestate.com.auWhen it comes to property, drag queen Art Simone says “the tackier, the better” — as long as she has room for her endless supply of wigs and costumes.
Read more »
House in Melbourne’s east comes with hidden Harry Potter, Elvis Presley rooms and Betty Boop diner - realestate.com.auIt’s now or never if you want to buy a ‘unique’ house in Melbourne’s east that boasts a Betty Boop diner, Harry Potter room, secret Elvis-themed chamber, and so much more.
Read more »
The Block 2022 episode 1 recap: Tree change begins with tears, tantrums and a runaway team - realestate.com.auA Neighbours star, an AFL footballer, an NRL player and a ‘global influencer’ are among the contestants renovating five rundown houses in rural Victoria this year on The Block.
Read more »
Why banks are slashing fixed-rate home loans despite interest rate risesThe recent spate of double hikes appears to be near an end and rate cuts next year could be a real possibility — in the latest unpredictable twist in our economy, writes business editor Ian Verrender.
Read more »
Inflation bites as pet food and veterinary bills riseThe cost increases are another added pressure on household budgets juggling other cost of living issues.
Read more »