Real estate boom in lockdown? The chances of getting a bargain from the Covid era dwindle when the sellers are on the fence

Auctioneer Clarence White sold a home for $ 620,000 above the price the sellers paid last year. Image: Julian Andrews Sydney apartment hunters’ chances of hitting a lockdown bargain have fizzled in the face of a further surge in buyer demand. Property sales data have shown that despite the weaker economy and restrictions on movement …

The Sydney lockdown will be challenging for home buyers as there are fewer available properties

Lockdown could add another challenge to Sydney’s frustrated homebuyers by reducing the supply of available property while barely cutting prices. The weekend’s home sales showed sellers continued to deliver strong results, with nearly 76 percent of scheduled auctions resulting in a sale, CoreLogic data showed. The average price of homes sold at auction was nearly …