Sydney Auction Results Bouncing Back

RRE Properties has seen both the lows and highs of the property cycle since 1966 and Sydney property prices have dropped by almost 10% in the last 18 months. However, the good news for property owners is that most reports now indicate that the correction in prices has indeed levelled and over the last two weeks in Sydney, clearance rates were at the highest level in over a year.     A combination of historically low interest rates and very low stock levels are behind this outlook. APRA has also further relaxed lending restrictions imposed on banks and financial institutions.

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