‘Competition heats up’ with $10.4M in property sold under the hammer
Ray White Taylors Lakes held two in-room auction events last week, selling more than $10M worth of property.
Competition rose as six bidders had their eye on a four-bedroom two-bathroom home at 27 Manchester Drive, Sydenham, which sold for $750,500.
A new home on a corner block at 7 Homebush Esplanade, Fraser Rise had five registered bidders eager to purchase the property, which sold under the hammer for $570,000.
Mr Travlos, Ray White Taylors Lakes principal, said there was a lot of energy in the in-room auctions this week.
“You could feel buyers were a bit more confident, and the recent rate cut definitely helped push some off the fence,” Mr Travlos said.
“With competition heating up across multiple listings, it’s clear demand is still strong in the west especially for established homes.