50 Derby Street Vaucluse Archives - TBAS® Buyers Agents

Comment: Auction Results Sydney

The median price of Sydney houses remains about 20 per cent higher than in 2015, but dropped a modest 0.6 over May, the first fall in a year.

It’s quite the reverse for Sydney unit prices, which are not performing well. Suburbs like, North Ryde, Campsie, Forest Lodge and around Parramatta & Granville are back to 2015 prices, which is due to an oversupply, weak buyer demand and well documented reports of defective construction.

Sydney auction clearance rates are increasing with the easing of COVID restrictions. Last weeks clearance rate was 68 per cent compared to the same week last year it was 60 per cent. It’s not surprising, houses are selling better than units. The clearance rate for houses was 70 per cent, compared to 64 per cent for units

Using a Buyer's Agent: A Buyer's Agent can act as a 'middleman' at a time when house hunting has become more difficult. A Buyer's Agent can help by providing a shortlist of properties and arrange private viewings.

Auctions have resumed Onsite. If you are planning on bidding , it is important you have a proven auction strategy and get professional advice.

TBAS® Buyers Agents are continuing to inspect, bid at auction Online and Onsite to purchase properties for their clients. For more details contact us.