17 registrations at Potts Point auction
Cheryle Lanthios of Ray White Elizabeth Bay attracted a whopping 17 registrations to compete on this Potts Point apartment. Sydney real estate auctioneer Paul Menck of Menck White Auctioneers sold the auction under the hammer on auction day.
Large numbers of home buyers have been flocking to open homes in early 2023 which is translating into improved numbers of bidders at auctions around town. The Sydney real estate market has been in a declining price phase since March 2022 but improved fortunes in 2023 signal improving buyer confidence to re-engage. Clearance rates have been north of 70% for several weeks in a row.