Sydney Auction: Randwick apartment hot auction
Sydney real estate auctioneer Clarence White of Menck White Auctioneers called the real estate auction of 20/96 St Pauls St, Randwick for Nick Simitzis and the team at Belle Randwick in 2020. Hot competition ensued for the top floor apartment with spacious interiors, a huge terrace and spectacular views all the way to the water.
Clearance rates in Sydney have begun to soften as the market begins to turn after a once in a lifetime boom throughout the pandemic. This is a trend expected to be replicated across the Australian housing market as interest rate rises, inflation and cost of living pressures create a changing economic environment.