Page 2 - Cooley Auctions News Today

Fewer auctions are successful in the weakening property market, but buyers and sellers are negotiating afterwards. New figures show how many do – and don’t – reach a deal.

An original-condition Hunters Hill home on the market for the first time in more than six decades attracted buyers looking to spend as much as $2 million on a renovation and extension.

Nineteen buyers turned out to compete for the two-bedroom renovator’s delight, undeterred by a falling property market and soaring building costs.

Sydney home owners have about a one in two chance of selling at auction, and about a quarter of sellers are withdrawing their homes from auction altogether. Can buyers get a better deal?

Fewer homes are selling under the hammer as greater choice reduces competition on the auction floor, and the premium prices house hunters are prepared to pay.

When the market was booming, a dozen bidders would battle over some homes. Now, many have only one and are selling prior, or passing in and negotiating after.

Cooley, who has presided over the winning auction on The Block five times, told The Sun-Herald the separation was still pretty raw

When the market was booming, a dozen bidders would battle over some homes. Now, many have only one and are selling prior, or passing in and negotiating after.

Damien Cooley told Daily Mail Australia on Thursday that anti-hunting activists are entitled to their opinion, but he is nevertheless genuinely proud of his kill

Damien Cooley said on Tuesday hed ticked off a very big life goal this week as he posed for a picture while crouching next to the dead animal