A whopping 16 registered bidders assembled to compete at the auction for a 2 bedroom unit in Rushcutters Bay recently, sold by Renee Cross and the Ray White Elizabeth Bay team.
Competition for units has dramatically improved throughout 2023 after a long period of very slow activity in 2022. Price results for unit sales at auctions has significantly improved along with the recovery in prices of the Sydney real estate market.
Sydney real estate auctioneer Paul Menck of Menck White Auctioneers called the auction on behalf of RWEB team. Clearance rates have been strong and steady throughout 2023 but are showing signs of wavering as more stock begins to hit the market for Spring.