Many thought prior to the Federal Election, that the Sydney property market was not the right place to invest. But despite uncertainties, Sydney’s home auction market has only strengthened in recent weeks. In one week the weekend clearance rate was 73.5% and a week later, 75.4% with the main driver being Sydney’s market is characterised by fierce competition between buyers, over smaller pools of property.
Last year 605 properties went to auction on the same weekend that this year was just 419. As expected, it was way ahead of the 200 auctioned over the election-day weekend.
In most regions and the Eastern Suburbs in particular, the Sydney home-auction market continues to record robust results for sellers with strong buyer competition for listings.
Although the Reserve Bank has left interest rates on hold over July at a record low 1.75%, it is very possible there will be a further reduction sooner rather than later – perhaps as soon as next month.
Low and falling interest rates supports buyer and seller confidence with strong competition amongst banks for mortgage customers also driving housing demand.
When it comes to choosing the best real estate agent in Sydney’s Eastern Suburbs, results matter. And in 2025, two of Ray White Double Bay’s most trusted professionals have been recognised for doing just that. Graham Berman has been named the realestate.com.au Top Agent in Rose Bay, while Warren Ginsberg … Read more
We are proud to announce that Ashley Bierman has stepped into the role of Principal & Director at Ray White Double Bay, joining Elliott Placks, Michael Krimotat and Warren Ginsberg. With 19 years of experience at Ray White Double Bay, Ashley brings exceptional market knowledge, a consistent record of high … Read more