Devine strong, despite Sydney Auction Clearance rate drop!

Devine was featured in Australian Financial Review for our strong Auction results over the weekend, despite the rest of Sydney doing poorly.

The property sold through Devine Real Estate Strathfield for $5.4 million – $800,000 over its reserve price.

“The lack of stock is what is underpinning the prices in the market,” Steven Devine said. “Most of the buyers were looking to pull the house down and rebuild. We sold a house across the road with an identical size of land for $4.68 million about four weeks ago.”

Leave a Reply

Your email address will not be published.