Avalon, Sydney oceanfront home sells for $8.95 million amid mixed market.

A four-bedroom oceanfront home in Avalon, Sydney, sold for $8.95 million at auction, marking a strong result in a challenging market. While other Sydney auctions showed mixed results, the Domain Group reported a preliminary clearance rate of 55%. Experts attribute ongoing market uncertainty to cautious buyer behavior, with many waiting to see others commit before bidding.