Auction Results Sydney 11 December 2021
Auction Results Sydney
Comment: Auction Results Sydney
New lending restrictions is cutting borrowing capacity by as much as 15 per cent. The maximum amount of money buyers can borrow was reduced last month as the bank regulator tries to ensure homeowners only take on manageable debts. New borrowers must now be able to pay back their mortgage if interest rates rise 3 percentage points.
Tighter restrictions and a wave of new listings post-lockdown has had an immediate effect on Sydney’s median auction price for houses, which fell 3.6 per cent in November. On average, at auction TBAS® Buyers Agents are only competing against 2-3 buyers, compared to around 10 buyers several months.
Rental prices are expected to rise next year with vacancies at their lowest level in years, combined with international students and migrants returning to Australia, we will see more investors buying inner city apartments next year.
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 Pymble, Paddington, Newtown, Darling Point, Wahroonga and Mosman.
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