Auction Results Sydney 21 August 2021
Auction Results Sydney
Comment: Auction Results Sydney
Record house prices, more savings, less spending and very low interest rates was still working towards a robust housing market. Commonwealth Bank of Australia’s head of Australian economics, Gareth Aird, said the support of banks and governments had helped give households confidence throughout this outbreak.
Households have saved a lot of money over the past year and are investing it wisely in property. The housing market is well supported pretty much across the country. The major factor there is that interest rates are going to stay low for a long time.
At the moment, distressed selling is lower than last year with 798 distressed listings in NSW. Back in October last year, there were 2250 distressed listings in NSW.
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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