Co-founder of buyers agency BuyersBuyers Pete Wargent said the most significant discounts seen across the country have been in detached housing in Sydney’s more expensive markets.“We have seen examples of properties selling for 10 to 15 per cent less than would have been achieved at the peak of the market,” Mr Wargent said.
“Now open homes are considerably quieter, and the majority of Sydney auction campaigns either end in the property being withdrawn from the market or passed in at the auction, to be negotiated upon thereafter.”BuyerBuyers CEO Doron Peleg said prices would continue to slide before hitting a bottom early next year, giving buyers “a comfortable six month window of opportunity to buy well and negotiate hard in Sydney.
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