With today's auction rate for Sydney at 55% this is getting serious.
Last year I posted that I thought the upper north shore would be about 10% off by April.
This today on domain.com, for warrawee a suburb in this area.
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This is an observation that’s supported by
Charles Caravousanos, director of upper north shore agents
Savills Lindfield. “We’ve seen a shift in the market that I would put at closer to 10 per cent,” he says. “Things that were trading for $2 million are now going for around $1.8 million.”