By Bonnie Campbell | September 22, 2024
As a prolonged period of high interest rates forces more home owners to put their homes up for sale, experts say the coming months will see a short-lived buyer's market, the AFR reports.
The Agency Property Partner Krissie Ormond sold 47 Cleland Street, Mascot in Sydney's South East under the hammer for $2.225 over the weekend. Nine registered bidders competed for the property, which pushed the price well above the $1.9m reserve, with a young local family beating an investor to take the keys.
Ms Ormond toldThe AFR the right property and auction conditions are garnering strong results.
“I’m not seeing it as a buyer’s market with my properties,” Ms Ormond said. “But I did notice in the area other properties that achieved below what I was expecting, or passing in with no registered bidders.”
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