Government incentives for first home buyers allowing stamp duty to be swapped for an annual tax expired on June 30th and there was a rush for properties that sit under the cap to be sold before June 30th.
In this clip Channel Seven News Sydney covers the auction of 39 Hart St, Tempe which sold for just under the cap of $1.5m making it eligible for first home buyer incentives.
Sydney real estate auctioneer called the auction for Adrian Tsavalas and the team from Adrian William.
Sydney's property market continues to show strength with high auction clearance rates, strong buyer numbers and confident activity on the auction floor.