‘Realistic’ sellers cut reserve for Marrickville house by $95,000 at auction

 A couple in their late thirties upgraded to a Marrickville house for $1,655,000 at auction on Saturday, but only after the sellers cut their reserve to meet the market.

Four buyers – half first-home buyers and the other half upgraders – registered to bid on the two-bedroom property at 115 Warren Road.

It was one of 537 homes scheduled to go to auction in Sydney on Saturday. By evening, Domain Group recorded a preliminary clearance rate of 61.1 per cent from 365 reported results, while 96 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.

Read More: https://www.smh.com.au/property/news/realistic-sellers-cut-reserve-for-marrickville-house-by-95-000-at-auction-20220811-p5b91k.html



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