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Sydney's property market shows a strong 66% auction clearance rate, driven by high demand for single-level homes.
Sydney's property auctions show a 66% clearance rate, with high demand for single-level homes in areas like Bondi Beach and Surry Hills.
A two-bedroom unit in Bondi sold for $1.53 million, while a Surry Hills property sold for an undisclosed amount.
Despite the surge, the market remains subdued due to high interest rates, according to AMP chief economist Dr. Shane Oliver, who notes it may take several rate cuts for a full recovery.
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El mercado inmobiliario de Sydney muestra una fuerte tasa de liquidación de subastas del 66%, impulsada por la alta demanda de casas de un solo nivel.