As the many Sydney Auctions haven’t been faring well, North Shore property sales have boomed in February with multi-million dollar homes sold under the hammer in front of packed crowds.
As Sydney property prices have started to cool, auction prices haven’t been rising much beyond the reserve, but the clearance rate for the Sydney North Shore region is still well over 70 per cent.
It’s believed this year will see a bit of a trend towards private treaty sales pre-auction if the right offer is made.
Don’t rush into a property purchase before you’ve got a detailed building and pest report. You’ll have the peace of mind you know what you’re getting into.