What’s The Best Suburb For Buying A Home In Sydney
Sydney’s auction clearance rate has reached above 80 per cent on Saturday, as hopeful home buyers bid thousands of dollars above reserve to win their slice of Australia’s priciest city. However, whilst vendors in the far-flung reaches of Sydney are rushing to market, an analysis of listings data found it has become extremely tough in the most desirable locations along the Harbour City.
The lower north, inner west and city and east remained among the most tightly held areas in comparison to the rest of Sydney, said Simon Cohen, co-founder of buyer’s agency Cohen Handler.
Considering the high-level of demand in these locations being seen this year, he expected the market would continue to be tough for buyers.
“Pre-auction offers are definitely a good idea … put forward a good, strong offer and try to close it before the competition gets in.”
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