Why properties are selling for 20% over the price guide right now

The result

The property sold under the hammer for $2,025,000. That is $325,000 over the price guide - reflective of the demand for well built, modern family homes.

A lot of buyers currently in the market are people who held off buying last year, on the belief prices had further to fall. What they didn’t appreciate is that price reflects supply and demand. Where they could have bought last year with either no competition or just one other registered bidders, we are now seeing Inner West auctions back to on average 5 active bidders per auction.