Auction Results Sydney 9 April 2022
Auction Results Sydney
Comment: Auction Results Sydney
Sydney home values have started to edge lower before any change to interest rates, as buyers reach the limits of what they can afford, banks reduce how much they will lend, and more homes are listed for sale. Commonwealth Bank head of Australian economics Gareth Aird said the pricey major capitals have likely peaked, and values dropped due to buyers’ already stretched budgets.
Surry Hills, Newtown and Zetland were among a string of inner suburbs where median house values fell more than 5 per cent last quarter, CoreLogic data shows. House values fell in more than two dozen suburbs in both the city and inner south region, and on the Northern Beaches, which also recorded some of the steepest unit price falls. Apartment values in Curl Curl, Freshwater, Forestville and Queenscliff declined more than 4 per cent.
Prestige Properties: The market for homes priced above $10m is stronger than at the end of 2021 and with limited stock, prices are tipped to keep rising for prestige properties.
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Disclaimer: Not all Properties were bought or sold by TBAS® Buyers Agents. The Auction Results Sydney are compiled for research purposes to assist our valued clients in making educated decisions when purchasing proper