2 Little Dowling St, Paddington attracted 16 registered bidders to Sydney Auction Rooms in Double Bay to compete on a dilapidated terrace home. Selling agent Catherine Dixon of Phillips Pantzer Donnelley real estate generated strong competition on the home. Multi award winning real estate auctioneer Clarence White of Menck White Auctioneers called the auction which was sold under the hammer with hot competition.
The Sydney real estate market is patchy right now but this strong sale proves that where buyers see value they will compete. High borrowing and high holding costs mean most buyers are cautious and under confident currently however those buyers securing property right now are buying well.
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