Sunshine Coast auctions showed a slower result last week with less than a quarter of auctions successful.
Local agents have reports contracts 'falling over' due to banks tightening lending.
This in turn has seen a drop in prices BUT not to the extent of Melbourne and Sydney.
Cashed up retirees make up the bulk of buyers that we are seeing at present.
Sought after properties are still attracting multiple offers but Sellers are very wary of 'subject to sale' conditions and lengthy finance clauses, as its always been - Cash is King!
