Nervous buyer exits auction race for $2.41 million Dulwich Hill home
“We buy first and then sell, which is a bit stressful in a falling market, but it worked out well,” he said. “It’s great to give our house over to another family with kids.” Four of the five registered bidders competed for the house, but needed a few pushes to start bidding. Credit: Peter Rae Sales agent William Pereira, from Adrian William, had been expecting seven buyers, but two came out at the last minute, deciding to watch the auction from the sidelines. Pereira said news of rising interest rates and falling prices had made buyers a little more cautious in their approach, but noted there was still good buyer demand. White predicts it will be his strongest auction of the day, with only one or two bidders expected at the other three auctions he calls on Saturday. “It’s great to have such a strong offering … that’s rare nowadays,” he said. While rising interest rates put downward pressure on prices, as it affects buyers’ borrowing power, he feels the pullback in buyer confidence has
