WCTB Real Estate

Bidding opened to mostly silence at Sydney auctions this weekend as buyers became increasingly reluctant to put in offers on properties.

There were nearly 240 Sydney homes scheduled to go under the hammer via online bidding platforms Saturday but just over 70 were withdrawn just before the auctions were due to start.

Early indicators suggested few of the auctions that went ahead delivered strong results for vendors.

MORE: Best suburbs to be a homeowner

Home prices continued to grow despite COVID-19

Most of the auctions observed by The Daily Telegraph passed in on a vendor bid or, in some cases,

With each week that goes by, things are drastically changing as we try to flatten the curve of the coronavirus. Most people are working from home, businesses are creating new ways to provide for their customers, and most states are issuing stay-at-home orders. So whether you’re living in Dallas or you’re living in Miami, you’ll likely be spending most of your time at home for the next few weeks, if not longer. 

As you’re hunkered down in your home, practicing self-care is a great way to manage stress and avoid cabin fever during these uncertain times. Whatever your go-to

The corporate watchdog’s swift warning to real estate agents about giving unqualified financial advice to virus-hit tenants has been welcomed by industry bodies and the MP who raised the issue. 

Shadow assistant treasurer Stephen Jones told realestate.com.au he wrote to the Australian Securities and Investments Commission on 1 April after seeing “more than one or two” emails from real estate agents advising tenants to access their superannuation to cover rent shortfalls.

In his letter, Mr Jones wrote he was concerned the advice was not being given in the best interest of renters, and that “early access to super should