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Sydney real estate: First home buyer bids against himself sign property market going mad

A first home buyer had to bid $20,000 against himself to secure a one-bedroom loft in a trendy Sydney suburb during an auction on Saturday.

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First home buyer bids against himself to buy Surry Hills unit for $770,000

Agents had their work cut out as many spent the first spring auction weekend convincing buyers and sellers to meet in the middle.

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Sydney auctions: Alexandria terrace sells for $2 25 million on record auction day

Is it on the market yet? ‘Absolutely no way,’ the auctioneer told the bargain-hunting bidder, as a record-breaking volume of auctions allowed Sydney buyers the luxury of less competition.

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