Catch up on some standout sales and auction stats from the Southern suburbs with our St. George & Sutherland Shire monthly market wrap with Andrew Cooley & Jamie Thomas.
Welcome to our February auction market wrap with auctioneers Lachlan Macdonald & Jamie Thomas. Find out the key statistics and highlight sales from last month.
Damien Cooley has kick started the 2017 commercial real estate season with a 100% clearance rate in our Cooley CBD rooms last Thursday. In a single day of sales more than $14.5 million worth of property was sold The historic Lion Rampant Hotel in Mittagong fetched $4.055 million, a huge 25% above the set reserve….
It’s no surprise that Sydney house prices being at a record high coincides with interest rates being at an all-time low. Just as low rates equate to a strong market, a spike in rates can have the opposite effect, as we have witnessed over the years. Through the middle of 2008, interest rates peaked with…