Business
These types of Sydney properties are passing in at auction, even in a boom market – Domain News
Sydney’s auction clearance rate continues to sit at record levels – so if nearly everything is selling, what kind of property is still hard to offload in a red…
As Sydney continues its record run of sky-high clearance rates, there are not many homes being passed in at auction but the leftovers are stock-standard units or homes with unrealistic seller expectations, agents report.
The median price for a house at auction in Sydney reached a record high of $1.68 million by the end of February and has shown no signs of abating since Domain Group recorded a preliminary clearance rate of 86.5 per cent on Saturday night.
Tracking down a property that does pass…
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