On behalf of the team at Tracy Yap Realty, we would like to wish you a Happy Lunar New Year!
Last week the RBA kept the cash rate at 2% which is supportive of borrowing and house prices.
On the weekend we saw that the auction clearance rate in Sydney was 73% (according to APM). While the sample size is small, we believe that the market is still performing well in popular suburbs. We had a 100% clearance rate on the weekend with two sales:
189 Shaftsbury Road, Eastwood - sold for an excellent undisclosed price
http://tracyyap.com.au/1P5764/189-shaftsbury-road-eastwood
62 Culloden Road, Marsfield - a 5 bedroom home set on a 582m2 block for $1.73 million.
http://tracyyap.com.au/1P5767/62-culloden-road-marsfield
We hope that you enjoyed the weekend and we are looking forward to a week of good weather.
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