Retired RBA governor Glenn Stevens lists in Sutherland Shire

Retired RBA governor Glenn Stevens lists in Sutherland Shire
Retired RBA governor Glenn Stevens lists in Sutherland Shire

The former RBA governor Glenn Stevens and 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.

The Sutherland Shire has been among Sydney's recent top regions securing an 75 per cent success rate during August.

It was 56 percent last August.

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

Retired RBA governor Glenn Stevens lists in Sutherland Shire

The 61 year old Stevens, who was at the central bank between 1980 and 2016, and is now a Macquarie Group director, joins the sellers who have signed up for September auction hoping the price recovery is underway.

Last week the RBA deputy governor Guy Debelle indicated "there is evidence that the decline in housing prices has reached its end."

Marketed as an "immaculate family home," its McGrath agent David Greig has the Stevens' home for September 7 auction with a $1.7 million to $1.8 million price guide. The couple paid $312,500 on a non-waterfront holding in 1992 for their home with their two children.

Retired RBA governor Glenn Stevens lists in Sutherland Shire

Three years ago the four bedroom home next door sold for $1,625,000.

In 2007, he deprecatingly told a House of Representatives hearing, "My house is not a fibro house, but it is a piece of spec rubbish built in the 1970s, and in many respects it shows that”.

Stevens had the cash rate at 1.5 percent on his 2016 departure.

The current governor Dr Philip Lowe has taken it to a historic low one percent, and signalled it could go to zero.

This article was first published in the Saturday Daily Telegraph.

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Sylvania Rba

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