Rising interest rates, more cautious households and overseas holidays after two years at home point to lower listings and less stock on market as the property market takes a breather.
Rising interest rates, more cautious households and overseas holidays after two years at home point to lower listings and less stock on the market as the property sector takes a breather.
The four-bedroom house at 5 Bronhill Avenue, East Ryde, in Sydney’s northern suburbs sold at auction for $1.906 million. “We couldn’t comfortably sit down with the owner to say that come auction day we were going to be selling.” In Melbourne, the clearance rate from the reported 1220 results of 1460 auctions also rose to 62.9 per cent from 61.9 per cent a week earlier – a figure subsequently revised up to 62.2 per cent.
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