Auction Results Sydney 4 April 2020

 Comment: Covid-19 Impact on the Property Market

1. It is unclear at the moment the short term impact on the property market and the property market won't be immune to a drop. However, most property analysis predict the market will return to pre-Covid-19 conditions once concerns over the virus subside.

2. Sydney's median house prices jumped 1.1% to $1,020,849 but it's expected to slow over April. 

3. Over the past year Sydney house prices have risen 14.5%

4. This is a once in a life time opportunity for young buyers/first home buyers with job security and a deposit, due to record low interest rates, less competition and cheap stock.

5. Off-the-plan apartment sales are expected to perform reasonably well due to the market sectors established use of virtual technology.

6. History tells us Residential Australian property is a high performing asset class during economic uncertainty, as people generally seek out bricks and mortar.

Using a Buyer's Agent: A Buyer's Agent can act as a 'middleman' at a time when house hunting has become more difficult.  A Buyer's Agent can help by providing a shortlist of properties and arrange private viewings.

Auctions are continuing Online. If you are bidding Online, it is important you have a proven auction strategy and be well advised.

TBAS® Buyers Agents are continuing to inspect, bid at auction Online and  purchase properties for their clients. For more details contact us.


Auction Results Sydney 4 April 2020.

Clearance Rate: 33% - Sold:4 - Passed In:8 - Withdrawn:0  - Auctions:12

 

Auction Bidding Service

1 Caroline St Balmain - PASSED IN $10,400,000 (Vendors bid)

% Over agents price guide

Block of Units - Beds: 38 - Bath: 38 - Parking: 16 - Land size: 841m2

Price Guide: $10,000,000 - Opening bid: $9,000,000

Bidders: 2 - Bids: 5 - Last Sold: Not available

https://www.realcommercial.com.au/for-sale/property-1-caroline-street-balmain-nsw-2041-503500762


Auction Results Sydney 4 April 2020

1a Benelong Cres Bellevue Hill - PASSED IN $7,800,000

0% Over agents price guide

House - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 1056m2

Price Guide: $8,500,000 - Opening bid: $7,800,000

Bidders: 1 - Bids: 1 - Last Sold: 22 Aug 2013 $3,395,000

https://www.realestate.com.au/property-house-nsw-bellevue+hill-133099574


Buyers Agent Sydney

85 Newland St Bondi Junction - PASSED IN $1,800,000 (Vendors bid)

% Over agents price guide

Terrace - Beds: 2 - Bath: 1 - Parking: 0 - Land size: 174m2

Price Guide: $? - Opening bid: $1,800,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: Not available

https://www.realestate.com.au/property-house-nsw-bondi+junction-133215290


Buyers Agent Sydney

51 Railway St Granville - SOLD $821,000

9.46% Over agents price guide

House - Beds: 2 - Bath: 1 - Parking: 2 - Land size: 464m2

Price Guide: $750,000 - Opening bid: $600,000

Bidders: 5 - Bids: 41 - Last Sold: 23 Jul 1993 $130,000

https://www.realestate.com.au/property-house-nsw-granville-133174826


Buyers Agent Sydney

40a Brown St Newtown - PASSED IN $3,225,000

7.5% Over agents price guide

Terrace - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 286m2

Price Guide: $3,000,000 - Opening bid: $3,150,000

Bidders: 2 - Bids: 4 - Last Sold: 20 Apr 2013 $2,125,000

https://www.domain.com.au/40a-brown-street-newtown-nsw-2042-2016143819


Auction Results Sydney 4 April 2020

10 Oxford St Petersham - PASSED IN $1,575,000 (Vendors bid)

0% Over agents price guide

House - Beds: 4 - Bath: 4 - Parking: 0 - Land size: 271m2

Price Guide: $1,575,000 - Opening bid: $1,575,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 25 Sep 1997 $405,000

https://www.realestate.com.au/property-house-nsw-petersham-133154074


Buyers Agent Eastern Suburbs

15 Mulwarree Ave Randwick - SOLD $2,300,000

15% Over agents price guide

House - Beds: 3 - Bath: 1 - Parking: 0 - Land size: 418m2

Price Guide: $2,000,000 - Opening bid: $1,600,000

Bidders: 3 - Bids: 29 - Last Sold: 18 Aug 2017 $3,200,000

https://www.realestate.com.au/property-house-nsw-randwick-133083970


Auction Results Sydney 4 April 2020

9 & 11-13 Mulwarree Ave Randwick - SOLD $11,435,000

14.35% Over agents price guide

Block of Units - Beds: 30 - Bath: 20 - Parking: 0 - Land size: 1280m2

Price Guide: $10,000,000 - Opening bid: $9,800,000

Bidders: 2 - Bids: 29 - Last Sold: Not available

https://www.realestate.com.au/property-unitblock-nsw-randwick-133083622


Buyers Agent Sydney

19 Mulwarree Ave Randwick - PASSED IN $2,060,000

% Over agents price guide

House - Beds: 4 - Bath: 2 - Parking: 1 - Land size: 418m2

Price Guide: $2,100,000 - Opening bid: $1,700,000

Bidders: 3 - Bids: 15 - Last Sold: 8 Nov 1996 $520,000

https://www.realestate.com.au/property-house-nsw-randwick-133203146


Auction Results Sydney 4 April 2020

23-23a Mulwarree Ave Randwick - PASSED IN $2,530,000

1.2% Over agents price guide

Semi - Beds: 6 - Bath: 2 - Parking: 4 - Land size: 279m2

Price Guide: $2,500,000 - Opening bid: $1,800,000

Bidders: 3 - Bids: 23 - Last Sold: 2 May 1980 $132,000

https://www.realestate.com.au/property-duplex+semi-detached-nsw-randwick-133207034


Auction Results Sydney 4 April 2020

21-21a Mulwarree Ave Randwick - PASSED IN $2,650,000

6% Over agents price guide

Semi - Beds: 7 - Bath: 4 - Parking: 3 - Land size: 252m2

Price Guide: $2,500,000 - Opening bid: $1,900,000

Bidders: 3 - Bids: 39 - Last Sold: 14 May 2014 $288,000

https://www.realestate.com.au/property-duplex+semi-detached-nsw-randwick-133203418


Auction Bidding

12 Eve St Strathfield - SOLD $1,180,000

31.11% Over agents price guide

House - Beds: 2 - Bath: 1 - Parking: 2 - Land size: 312m2

Price Guide: $900,000 - Opening bid: $950,000

Bidders: 4 - Bids: 51 - Last Sold: 21 Sep 1988 $185,000

https://www.realestate.com.au/property-house-nsw-strathfield-133166798


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Articles by TBAS®Auction Bidding Service

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Need Help Buying Property?

Contact Rodney McLoughlin – Director

TBAS® Buyers Agents

rodney@tbas.live – 0418 474 304


 

 

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Disclaimer: Not all Properties were bought or sold by TBAS® Buyers Agents. The Auction Results Sydney are compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.