PHOTO: Cobden and Hayson agent Samantha Elvy at a rundown home on 44 Harris St, Balmain, listed with a guide of $1.65 million. Picture: Justin Lloyd Source: News Limited.
HOMEOWNERS in pockets of Sydney have been selling properties for up to 30 per cent below their advertised price after a steep fall in buyer demand.
Property experts claim sellers have been forced to accept GFC-level price declines due to a weakening market which makes it difficult to achieve the inflated sums properties were fetching six months or even a year ago.
READ MORE VIA NEWS.COM.AU