Auction Results Sydney 27 February 2021
Auction Results Sydney
Comment: Auction Results Sydney
The Auction clearance rate for February to date has reached 84.4 per cent and the median price for a house at auction in Sydney has reached a record high of $1.68 million. The large volume of buyers out in the market is currently outstripping the supply of Sydney homes for sale, which doesn’t look like easing any time soon.
Westpac, on Monday sharply revised upwards their forecasts for house prices, declaring momentum across capital cities was growing, predicting a 10 per cent increase in Sydney dwellings this year. Westpac economists Bill Evans and Matthew Hassan said Australia was clearly a “seller’s market”. One headwind to the market could be the nation’s immigration intake, with population growth tipped to reach its lowest level since World War I. The Reserve Bank has signalled it won’t start lifting official interest rates until 2024.
Using a Buyer’s Agent: At TBAS®, we offer comprehensive end-to-end support – from identifying and analysing potential properties to dealing with agents, attending inspections, bidding at auction and negotiating a sale on your behalf. We take the time to understand your timeline, budget and exactly what you’re looking for, then create a tailored strategy to get you into your dream home, fast.
We recently achieved outstanding results in Bellevue Hill, Cronulla, Bowral, Maroubra, St Ives and Avalon Beach.
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