I just bought a house in Sydney (Glebe) on the weekend... Victorian terrace, no one turned up to the auction (other than me) so I purchased the house for 200k less than they (the owners) expected for it. I am very surprised that no other bidders turned up. I get the impression the market isn?t all rosy like the news is reporting.
Also notable the bank quoted 500k higher as the actual value of the property. (which I thought was an incorrect valuation)
