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April auction activity above average

By Craig Pontey

The search for ideal real estate takes many forms. Tenants can work with agencies like us here at Ray White to search from a list of some of the most beautiful rental real estate in Double Bay, while buyers may employ many methods beyond this, using the internet or even just heading down to the auction yard to see what is happening.

Auctions have been a huge strength in Australian real estate recently, particularly since the February cash rate cut from the Reserve Bank of Australia. In fact, speaking about this cut in a March press release, Tim Lawless from CoreLogic RP Data noted that auctions have surged to their highest level of activity since 2009. 

It was no flash in the pan, either. The latest Property Pulse from Corelogic RP Data has indicated that across the month of April, Sydney has recorded solid volumes and outstanding clearance rates at the auction block. 

For example, in a 30 April release, it was noted that each of the preceding four weeks had seen a clearance rate of more than 83 per cent, while volumes have remained high – peaking at 988 one week. ANZAC Weekend saw auction volumes dip, but a return to high numbers is anticipated from here on. 

Buying real estate in the Double Bay area at auction gives you the chance to quickly procure a piece of high-end real estate in some of the most sought-after suburbs in the country. Listings may decline as we move into winter, so anyone seeking a property to settle down in for the colder months would do well to contact Ray White Double Bay and express interest in purchasing.

We have a wealth of experience with property in the area, and can find apartments, detached homes, prestige properties and everything in between to suit your budget and time frame. 

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