Fines,permanent bans,and millions in stolen trust funds:a new register has exposed allegations of misconduct in the NSW property market.
About half of homes scheduled for auction are clearing but there are a few key factors affecting the outlook for prices.
A local woman who had been outbid at every auction for almost two years finally won the keys to an Underwood home,while another sale was bittersweet.
The stylish home is still available after the only registered bidder did not make an offer,and it passed in on a vendor bid of $2.4 million.
An upsizing family paid $2,401,000 for the charming home,defying the weak market to rise above the $2.2 million reserve.
After one of the two registered bidders got cold feet,a young family won the keys to the home in a leafy suburb. They are upsizing from a home nearby.
The renovated two-storey home drew five registrations,but the pace of bidding petered out towards the end as buyers hit their limits.
A fast contest between two parties for the mid-century modern home on the waterfront was a standout result in a lacklustre market.
On a cold bright Sydney morning,people with redevelopment plans vied for the 1960s home that was built by the vendor’s father.
Nervous sellers are grappling with a changing property market and opportunistic buyers want to grab a bargain.