Sydney auction market weaker despite rate and tax cuts as election looms

  • The Sydney auction market weakened last weekend despite the announcement of lower mortgage rates and tax cuts.

Auction numbers also continue to be lower with just 523 listed last Saturday down from the 673 auctioned over the previous weekend.

Fewer homes will go to auction this weekend, with nearly 500 properties scheduled to go under the hammer, well below the 556 auctioned over the same weekend last year.

READ MORE VIA DOMAIN.COM.AU

Perry St

17 Perry Street, Marrickville will go under the hammer this weekend with a $1.1 million to $1.2 million price guide. Photo: McGrath – Newtown

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