There is no doubt the market has cooled but out of the 8 sales from 17 auctions in the suburbs of Cronulla, Woolooware, Burraneer, Caringbah & Lilli Pilli last week there were some great sold prices. For example – 81 Mirral Road, Lilli Pilli bought last year in October for $1,075,000 sold on Saturday 5th June for $200,000 more. $200,000 in less than 12 months is a good earn!
In the current climate, uncertainty in politics and the economy seems to be ruling the day. The 47% auction clearance rate in our area is an indication of this. Until an election is called this could be the way it is.
