{"id":95222,"date":"2025-08-25T18:07:07","date_gmt":"2025-08-25T18:07:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/95222\/"},"modified":"2025-08-25T18:07:07","modified_gmt":"2025-08-25T18:07:07","slug":"bidding-wars-push-australian-property-prices-skyward","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/95222\/","title":{"rendered":"Bidding wars push Australian property prices skyward"},"content":{"rendered":"<p dir=\"ltr\">In Austral, southwest of Sydney, a 253-square-metre home recently sold for $1.275 million \u2013 a suburb record and more than $200,000 above the area\u2019s median price of $1.05 million. A video posted by Ray White showed more than a dozen bidders at the auction, with buyers eagerly competing for the keys.<\/p>\n<p dir=\"ltr\">Melbourne-based buyer\u2019s agent Emily Wallace <a href=\"https:\/\/au.finance.yahoo.com\/news\/grim-reality-of-australias-property-market-as-frenzied-buyers-jump-on-tactic-pushing-up-prices-400000-difference-055314343.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAEQVgsjgS1oU1hEFCCX44TeB17gt3j1dgsQP43lnrkOOPAgPDnFkNsgvLV2fYhlF3siQSSx2ngjYROEXF8jqv7gTYtTaDmSvprkJwfTKB_punWpp5NY9PwuLA37CCJngYfBsoQqa7eCrTF96NAJ2IuRiqN8XvKe1gCDol84aEqpF\" rel=\"nofollow noopener\" target=\"_blank\">told Yahoo Finance<\/a> that the surge reflects a nationwide trend, fueled by falling interest rates and upcoming changes to the first-home buyer scheme. She noted that properties are increasingly being snapped up before scheduled auction dates.<\/p>\n<p dir=\"ltr\">\u201cAuctions are very well attended, but the more pressing issue is that things are being sold ahead of their auction date, and buyers who aren\u2019t ready are missing out,\u201d Wallace said.<\/p>\n<p dir=\"ltr\">A Yahoo Finance poll of more than 1,000 readers found nearly half \u2013 47 per cent \u2013 felt pressured to purchase now to avoid paying significantly more in coming months.<\/p>\n<p dir=\"ltr\">While under-quoting has long been a concern in real estate, Wallace told Yahoo Finance that recent sky-high sales are largely the result of competitive bidding.<\/p>\n","protected":false},"excerpt":{"rendered":"In Austral, southwest of Sydney, a 253-square-metre home recently sold for $1.275 million \u2013 a suburb record and&hellip;\n","protected":false},"author":2,"featured_media":95223,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,70229,9565,44,19604],"class_list":["post-95222","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-home-buyers","tag-interest-rate","tag-news","tag-property-prices"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/95222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=95222"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/95222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/95223"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=95222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=95222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=95222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}