Sydney auction wrap: Reserve-breaking sales indicate a market rebound
A significant number of auctions over the weekend sold in the tens of thousands above their reserve price, signalling a recovery is well underway.
Source: realestate.com.au
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A significant number of auctions over the weekend sold in the tens of thousands above their reserve price, signalling a recovery is well underway.
Clarence White from Menck White Auctioneers takes the win at this year's Australasian Auctioneering Championships (AUSTROS) held in Sydney .
The house in Gordon sold for $3.8 million. Overall weekly residential auction volumes jumped to the highest since June as vendors sought out a faster way to sell.
Expectations for further price falls prompted buyers to wait for better deals, leading to fewer successful sales at auctions.