Yesterday
Deceased estate sells for $7.8m as buyers set to gain spring advantage
Cautious buyers disappointed by delayed rate cuts, cooling migration numbers and incoming spring stock will keep a lid on clearance rates, experts predict.
- Bonnie Campbell
July
Vendors need to rein in price expectations says Ray White boss
While auction clearance rate are holding up well and standout results on some properties are being achieved,
- Larry Schlesinger
Turramurra home sold for $4.6m despite weaker winter market
The national auction market is losing steam ahead of the spring selling season, with buyer demand waning as expectations of a rate cut this year fizzle.
- Nick Lenaghan
Downsizers pay $130,000 above reserve for villa as auctions slow
SQM research director Louis Christopher said the low auction volumes indicated housing prices could to dip up to 4 per cent during the second half of this year.
- Campbell Kwan
June
Bidding wars for bakery and vet as investors chase affordable assets
A Bakers Delight shop in Rosanna in Melbourne’s north-east sold for $943,000 on a low 3.9 per cent yield after 40 bids at a portfolio auction.
- Larry Schlesinger
Tiny Sydney studio sells for $425,000 as clearance rate slides
A buyer from Dubbo snapped up one of Sydney’s smallest homes for just $425,000, but the city’s clearance rate fell to just 63 per cent, according to Domain.
- Larry Schlesinger
Strathfield mansion beats guide by $500k as auctions rebound
Auction clearance rates have returned to form after the long weekend lull, but long-term price growth is cooling.
- Bonnie Campbell
Smallest block in Chatswood sets a street record at $2m
Listings in Sydney and Melbourne fell to their lowest level since Easter, but auction numbers are due to jump dramatically this week before the winter slowdown.
- Nick Lenaghan
May
‘Strong spring’ for property sales is in the RBA’s hands
Auction clearance rates are holding steady even as the number of properties listed ticks up. Where the market goes from here depends on what the RBA does next.
- Nick Lenaghan
Glebe bungalow leapfrogs guide by $1.2m as clearance rates soften
While competition for premium properties remains strong, on-the-fence buyers are stepping back as hopes of a looming rate cut fade.
- Bonnie Campbell
Developers cash in as investors spend big on fast food and childcare
Nearly $50m was splashed by investors at a commercial property auction in Sydney, of which almost half was spent on fast food outlets on long leases.
- Larry Schlesinger
Killara Golf Club’s greenkeeper house sells for $700,000 above reserve
Auction clearance rates fell at the weekend as buyers grow cautious from interest rates staying higher for longer, but well-located properties remain popular.
- Campbell Kwan
‘Tired’ deceased estate sells for $1m more than guide
Auction clearance rates rose at the weekend despite a 10pc increase in listings. Buyer’s agent David Morrell says good properties are “flying out the door”.
- Larry Schlesinger
April
Sticky inflation not deterring home buyers at auction
Auction markets didn’t react to renewed interest rate rise fears as the pool of home buyers remains big enough relative to the number of homes up for sale.
- Campbell Kwan
Why this apartment owner ditched real estate agents
Morgyn Bostock chose not to use an agent when she sold her home - and would happily do so again.
- Updated
- Gus McCubbing
Auction clearances bounce in fresh worry for RBA
Auction results show there’s little holding the market back. That will be on the RBA’s mind as it considers whether and when to move on rate cuts.
- Nick Lenaghan
March
Why invest in a house when you can get a 5pc yield on a laundromat?
The exodus of investors from the housing market is fuelling demand for small commercial properties like laundromats offering higher returns and sticky tenants.
- Larry Schlesinger
House prices on the march as buyers get in before rate cuts
House prices are set for another strong rise this month as the busiest auction weekend of the year pointed to strong demand. But investors are getting out.
- Larry Schlesinger
‘Blown away’: deceased estate with water glimpses sells for $9.04m
The Castle Cove home on Sydney’s north shore sold on a weekend when the national preliminary clearance rate hit 74 per cent.
- Bonnie Campbell
Marrickville unit beats reserve by 22.5pc after luring in 20 bidders
The national clearance rate for auctions has firmed up to 72.8 per cent on preliminary numbers with buyer activity rising from population growth.
- Campbell Kwan
