Australian real estate still performing strongly

Posted by Simon Dehne on November 9, 2015 in Latest News with No Comments

australia_property_marketThe head of a major real estate franchise believes concerns about property markets in Australia are somewhat overblown.

Angus Raine, executive chairman of Raine & Horne, said the idea of markets such as Sydney being in trouble is far from the truth.

“Real estate markets in Sydney are returning to a more normal market where we might have two or three committed bidders at auctions rather than the situation a few months back where the fear of missing out saw more like six to eight groups jostling for the prize,” Raine said.

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