‘People are cautious’: North shore pad passes in, then sells at a discount

AI Summary

A first-home buyer purchased a North Shore property for $1,197,500 after it passed in at auction and sold through post-auction negotiations. The agent said a recent rate hike was weighing on buyer sentiment and the housing market.

A first home buyer paid $1,197,500 in post-auction negotiations as the agent said the rate hike was affecting the market.