Investor buys $666,000 pad in iconic Sydney building, adding to portfolio

Key points

• An investor who already owned units in the Goldsbrough building in Pyrmont paid $666,000 for another apartment at auction on Saturday. The buyer beat a first home hopeful, as Sydney's auction clearance rate reached 46 per cent, its lowest level this year.
• Domain recorded the figure from 472 reported results, with 176 auctions withdrawn.
• Agents and economists linked the softer market to the fourth cash rate rise, which has made many buyers nervous.