Auctions
Rate rises, construction costs cause auction jitters
The home passed in on a bid of $1.52 million but sold post auction on the first weekend after the Reserve Bank raised interest rates for the second time in two months.
- by Melissa Heagney
Latest
Brunswick fixer-upper passes in at auction as rising building costs deter bidders
Two bidders tentatively raised their hands but would not go above $1.23 million, and the agent said the higher cost of building is hitting buyers that would normally jump at the chance to renovate or rebuild.
- by Melissa Heagney
First-home buyer nabs Carlton terrace at auction for $1.5 million
No one wanted to make the first offer, and just when the property was about to pass in, three buyers raised their hands. After $200,000 worth of bidding, a father-son duo won.
- by Elizabeth Redman
Modern Carlton North home sells for $1.615m in election day auction
Bidders were up early to vote, then fought it out for the keys to the townhouse, leaving the vendor thrilled with the result despite the slowing property market.
- by Melissa Heagney
Should you still sell at auction in a cooling market?
Fewer homes are selling under the hammer as greater choice reduces competition on the auction floor, and the premium prices house hunters are prepared to pay.
- by Kate Burke
Property market continues to cool as clearance rates soften
The nation’s red-hot property market has finally cooled, with soft auction clearance rates collected across the country for the second week in a row, amid reports buyer inspection numbers also dipped.
- by Sarah Webb
West Footscray home sells for suburb record $1.93m after passing in at auction
Despite a big crowd only three bids were placed, as the housing market loses pace and potential buyers become less willing to make big offers on auction floors.
- by Melissa Heagney
Investor drops $1,485,000 on original St Peters semi as Sydney auctions return
The winner outbid several upgrading young families and hopes to flip the home, described by the agent as having ‘good bones’ but in need of ‘so much work’.
- by Tawar Razaghi