Business
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…
Continue Reading
-
General22 hours agoYoung boy flown to Brisbane hospital after K’gari dingo attack
-
General8 hours agoByford rail extension opening marks final stage of Perth Metronet
-
General20 hours agoBritish and US planes fly 12-hour mission to patrol Russian border
-
Noosa News23 hours agoWarm weather could make way for rain with ‘damaging winds, large hail’