Topic | Auctions | The Sydney Morning Herald

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Sydney and Melbourne have ‘absolutely turned into buyers’ markets’

Sydney and Melbourne have ‘absolutely turned into buyers’ markets’

Properties are taking longer to sell and with bigger discounts, as vendors struggle to get a deal done in the same frantic fashion as last year.

  • by Tawar Razaghi

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‘Overpaid a tiny bit’: Doctors spend $3.295 million on Lane Cove first home

‘Overpaid a tiny bit’: Doctors spend $3.295 million on Lane Cove first home

They outbid a dozen others at the auction where buyers were reluctant to place bids from beginning to end.

  • by Tawar Razaghi
The Sydney regions where auction clearance rates have been hammered

The Sydney regions where auction clearance rates have been hammered

More than one in two homes are now failing to sell via auction in some pockets of Sydney, as clearance rates continue to fall amid cooling buyer demand.

  • by Kate Burke
Two units in same Marrickville block sell $500,000 apart at auction within an hour

Two units in same Marrickville block sell $500,000 apart at auction within an hour

The young buyers of the more expensive property were relieved just to have bought under their budget, securing the keys for $1.54 million.

  • by Tawar Razaghi
If nobody else wants the house, is there something wrong with it?

If nobody else wants the house, is there something wrong with it?

There might be fewer bidders at auction in a weakening property market, but those who do turn up are looking for one reassurance before they bid.

  • by Elizabeth Redman
It was the first test of the property market since the election. Did it pass?

It was the first test of the property market since the election. Did it pass?

Thousands of homes sold under the hammer on the first Saturday since the election, making it the second-busiest auction weekend of the year. 

  • by Sarah Webb
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Are we in a property boom, a bust, or a normal market?

Are we in a property boom, a bust, or a normal market?

Property prices boomed in the pandemic and are still sky-high but have started to edge lower. So, are we still in a property boom, and if not, then what?

  • by Elizabeth Redman
Expat drops $1.95 million on old Erskineville post office unit conversion

Expat drops $1.95 million on old Erskineville post office unit conversion

The buyer had seen the property for the first time this week and was among a dozen registered buyers interested in the rare home with plenty of character.

  • by Tawar Razaghi
South Coogee block bought in 1972 for $29,400 sells for $5.48 million at election day auction

South Coogee block bought in 1972 for $29,400 sells for $5.48 million at election day auction

You would be forgiven for thinking there was nothing else going on as more than a hundred people turned out for the auction of a tightly held home.

  • by Tawar Razaghi
Modern Carlton North home sells for $1.615m in election day auction

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
The upside to selling your home in Sydney on election day

The upside to selling your home in Sydney on election day

Home owners are cautious about selling on election day when buyers may be distracted, but more are pushing ahead than in previous years. What has changed?

  • by Kate Burke