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Coronavirus pandemic fails to impact Sydney’s auction market with more homes sold than same time last year – ABC News
More homes have sold at auction in Sydney compared with this time last year despite the coronavirus pandemic, with buyers aided by low interest rates and first-time buyer incentives.
The coronavirus pandemic has failed to dampen Sydney’s property market, with more homes selling at auction compared to this time last year.
Key points:
- Sydney has seen a steady decline in home values but the number of auctions have increased
- The highest clearance rates are in the northern beaches, Sutherland and inner west
- Vendors are selling now ahead of a “potentially deflated market” in 2021
Data from analysts CoreLogic shows the number of auctions has bee…
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