Agents said the once-frenzied property market has slowed and buyers are shifting from FOMO (fear of missing out) to FOOP (fear of over-paying) at auctions.
The renovated home with backyard studio and garden-view en suite sold under the hammer, but not all properties were in hot demand as agents warned that FOMO is over.
Thousands made a desperate December dash to cash in on the still-simmering property market, with Sydney and Melbourne seeing a huge spike in the number of Saturday auctions compared to this time last year.
Thousands made a desperate December dash to cash in on the still-simmering property market, with Sydney and Melbourne seeing a huge spike in the number of Saturday auctions compared to this time last year.
Thousands made a desperate December dash to cash in on the still-simmering property market, with Sydney and Melbourne seeing a huge spike in the number of Saturday auctions compared to this time last year.