Former RBA boss to sell in spring

Former Reserve Bank governor Glenn Stevens and his wife Susan have joined the early-bird spring property auction listees.

The downsizers are selling their five-bedroom, two-storey Sylvania Waters home after 27 years ownership.

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The Sutherland Shire has been among Sydney’s recent top regions, securing a 75 per cent success rate this month — up from 56 per cent last year.

Sydney had an 81 per cent preliminary clearance rate across its 444 weekend auctions, according to CoreLogic. Listing volume was down on a year ago, when 572 auctions returned a 52 per cent final clearance.

Mr Stevens, 61, who is now a Macquarie Group director, joins the sellers who have signed up for September auctions hoping the city’s price recovery is well underway.

Last week, RBA deputy governor Guy Debelle said “there is evidence that the decline in housing prices has reached its end”.

Source link Finance News Australia

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