Sydney Auctions: Paul Menck sells Willoughby home at auction
Sydney real estate auctioneer Paul Menck of Menck White Auctioneers sold this prime Willoughby home under the hammer for Rawa Norman and the Di Jones team. 7 registered bidders assembled to compete for the property on auction day.
Conditions in the Sydney real estate market have eased somewhat in recent weeks with a flood of new listings hitting the market causing buyers to spread out across the available stock. This in turn has reduced the number of bidders registering to bid for each property. Clearance rates remain strong though still, underlining the core strength and resilience still there in the market. But the large availability of stock has certainly eased the red hot Sydney housing market in favour of buyers.