SYDNEY (CU)_Over the past year, the auction market gathered momentum when strong conditions pushed house prices 24.5 per cent in Australia, encouraging sellers to realise their gains. This momentum appears to have been carried into the new year, but buyer appetite is expected to be dampen as the year progresses on account of rising rates and the lack of affordability.
Accordingly, sellers are looking to get out before the boom eases, with 44 homes listed nationally for auction over the past week, amounting to an increase of more than 80 per cent from the comparable weekend last year. Of the homes that were listed 68.6 per cent sold, according to preliminary figures published by CoreLogic.
“Selling conditions are still strong, but clearly they are not…
