Auctions
What happens when a property passes in at auction?
As property prices fall, some buyers hesitate to bid on auction floors in the hope of picking up a bargain later. But what if their rival is trying the same tactic?
- by Elizabeth Redman
Latest
Cabarita house sold for $4.72 million to buyers who plan to knock it down
The auction of an original-condition home surrounded by modern mansions on the waterside attracted three bidders who competed for the block next door six years ago.
- by Kate Burke
Siblings and downsizing mum spend $2.7 million on Glebe house
Four locals competed for the original-condition Victorian house in Glebe’s prestigious Toxteth Estate.
- by Tawar Razaghi
Sydney and Melbourne have ‘absolutely turned into buyers’ markets’
Properties are taking longer to sell and with bigger discounts, as vendors struggle to get a deal done in the same frantic fashion as last year.
- by Tawar Razaghi
‘Overpaid a tiny bit’: Doctors spend $3.295 million on Lane Cove first home
They outbid a dozen others at the auction where buyers were reluctant to place bids from beginning to end.
- by Tawar Razaghi
The Sydney regions where auction clearance rates have been hammered
More than one in two homes are now failing to sell via auction in some pockets of Sydney, as clearance rates continue to fall amid cooling buyer demand.
- by Kate Burke
Two units in same Marrickville block sell $500,000 apart at auction within an hour
The young buyers of the more expensive property were relieved just to have bought under their budget, securing the keys for $1.54 million.
- by Tawar Razaghi
If nobody else wants the house, is there something wrong with it?
There might be fewer bidders at auction in a weakening property market, but those who do turn up are looking for one reassurance before they bid.
- by Elizabeth Redman
It was the first test of the property market since the election. Did it pass?
Thousands of homes sold under the hammer on the first Saturday since the election, making it the second-busiest auction weekend of the year.Â
- by Sarah Webb
Are we in a property boom, a bust, or a normal market?
Property prices boomed in the pandemic and are still sky-high but have started to edge lower. So, are we still in a property boom, and if not, then what?
- by Elizabeth Redman
Expat drops $1.95 million on old Erskineville post office unit conversion
The buyer had seen the property for the first time this week and was among a dozen registered buyers interested in the rare home with plenty of character.
- by Tawar Razaghi