And here it is at the AFR:
Only scraps were left after another mid-week auction in Sydney cleared out on Monday night.
Buyers, particularly babyboomers and upsizers, continue to overwhelm agents with demand for property as nine out of 11 properties worth more than $14 million sold under the hammer at the Double Bay auction centre.
Over in the southwest, all ten properties at the Richardson & Wrench auction in Riverstone in Sydney’s southwest also sold out.
The same conditions prevail: too much demand, too little stock.
That’s the only ‘clear out’ I’ve ever head of that left 19% of the stock unsold. Still its an improvement from last week’s 25%!
