Auction Results Sydney 17 October 2020
Auction Results Sydney
Comment: Auction Results Sydney
National asking rents for units dropped further over the September quarter, with asking prices down 4.2 per cent to March, while national house rents have regained last quarter’s falls.
Sydney’s City and East, and Lower North Shore were the hardest hit for housing rental declines, with weekly asking rents falling by $55 and $30. Unit rents experienced similar falls, with Sydney’s City and East, Lower North Shore and Canterbury Bankstown hardest hit.
Elevated rental vacancy rates in Sydney and Melbourne continue to push city rents downwards, particularly in the CBD and inner-ring suburbs close to the CBDs.
House prices have been buffered by government stimulus packages, with the market starting to turn around in some cities.
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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 property