Good news for buyers, as expected the reserve bank of Australia has kept the official cash rate on hold at 1.5%.
The not so good news for buyers is the Sydney property market is booming with auction clearance rates have been at or close to 80% or more for the last few months.
Buyers are continuing to experience a shortage of properties to choose from and strong competition at most auctions.
According to realestate.com.au the median house price in Lilyfield is $1.5m followed closely by Rozelle. With the median house price in Leichhardt close to $1.3m.
On another note the former Balmain Leagues Club redevelopment has hit another hurdle with the land and environment court rejecting its proposal so it is back to the drawing board yet again.
Well that is it from me.
We hope to see you out and about at one of our open homes.

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