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Sydney auctions: Stock shortage sends competition soaring for homes during Covid-19 lockdown




No. 2 Wills Ave, Chifley, sold at auction for $3.067 million.

Strong buyer demand for property in Sydney during lockdown is continuing to fuel “boom time” results at many auctions.

Agents and auctioneers have reported a surge in the number of bidders at auctions since lockdown started, with Ray White reporting the number of bidders at their auctions have doubled to nine.

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The surge in bidders has been driven by a shortage of stock, with many sellers reluctant to sell during the lockdown.

Real Estate

No. 12 Alvona Ave, St Ives, sold at auction for $3.2 million.

St Ives Hot Auction

Auctioneer Jason Keen had 20 buyers…

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