Australian auction volumes soar as Sydney beachside three-bedder sells for $10.4m

The three-bedroom 1950s built property on Calga Avenue in Bronte sold for $10.4 million, no doubt due its prominent location and substantial 465-square-metre block.

Melbourne was the busiest city for auctions, hosting more than 1000, while 892 properties went under the hammer in Sydney.The property still features its original kitchen and bathroom from its construction in the 1950s. "Despite the increase in volumes, Sydney recorded its highest preliminary clearance rate since late October, with 79.6 per cent of the 739 results collected so far returning a successful result."looming headwinds of interest rate hikes

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Flipping hell: homeowners abandon renovations amid surge in building costs - realestate.com.auSoaring labour costs and tradie and materials shortages are flooding Sydney's property market with homeowners unable to complete their renovations opting to relist their half baked homes instead. MORE BS FROM THE AGENDA DRIVEN LIARS AT MURDOCH INC.. who just want excuses to SUPPORT THE MORRISON GOV FLOODING AUSTRALIA WITH HUNDREDS OF THOUSANDS OF FOREIGN WORKERS TAKING JOBS AND LOWERING WAGES. ELECTION NOW THE LNP ARE TOXIC!!
Source: dailytelegraph - 🏆 21. / 51 Read more »