Auction Results Sydney 4 July 2020
Auction Results Sydney
Comment: Auction Results Sydney
- Is Unemployment affecting the housing market? No, the housing market is still performing extremely well and consumer confidence has rebounded 33 per cent since May. It is not uncommon for some housing markets to perform well when unemployment rises and the economy weakens due to a lower cash rate and limited supply of quality properties in sought after areas.
- First Home Buyers will find out as of the 1 July if they are the recipients of the federal government assistance to secure their first mortgage with as little as a 5% deposit and no LMI. (Lender Mortgage Insurance). Under the eligibility criteria borrowers who have been approved for the scheme have only 90 days to exchange contracts on a property. This means First Home Buyers need to do their homework and need independent advice when purchasing a property, otherwise they risk overpaying and buying the wrong property.
- Unit and house prices in Sydney have fallen 0.6 per cent in June but remain up 13.3 per cent over the year according to CoreLogic. Record low interest rates, assistance from banks for struggling mortgagees and government stimulus has prevented a flood of distressed sales that would otherwise have sent prices falling faster. The next 12 months for the housing market will be dependent on the support level from the banks and government.
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 have resumed Onsite. If you are planning on bidding , it is important you have a proven auction strategy and get professional advice.
TBAS® Buyers Agents are continuing to inspect, bid at auction Online and Onsite to purchase properties for their clients. For more details contact us.
TBAS® Property News
Realestate.com.au Auction Clearance Rate
NSW: 68% | Victoria: 68%
Auction Results Sydney 4 July 2020.
Clearance Rate:60% - Sold:3 - Passed In:2 - Withdrawn:0 - Auctions:5
47 Glasgow Ave Bondi Beach - PASSED IN $2,480,000 (Vendors bid)
% Over agents price guide
Semi - Beds: 3 - Bath: 2 - Parking: 2 - Land size: 209m2
Price Guide: $2,500,000 - Opening bid $2,480,000 (Vendors bid
Bidders: 0 - Bids: 1 - Last Sold: 4 Jun 2007 $962,000
74 Loch Maree St Maroubra - PASSED IN $1,965,000
3.42% Over agents price guide
House - Beds: 4 - Bath: 2 - Parking: 4 - Land size: 404m2
Price Guide: $1,900,000 - Opening bid $1,700,000
Bidders: 3 - Bids: 8 - Last Sold: First time offered
1/28 Warners Ave North Bondi - SOLD $785,000
4.66% Over agents price guide
Unit - Beds: 1 - Bath: 1 - Parking: 1 - Unit size: ?m2
Price Guide: $750,000 - Opening bid $760,000
Bidders: 1 - Bids: 3 - Last Sold: 24 Mar 2016 $732,000
47 Macdonald St Sans Souci - SOLD $1,191,000
19.1% Over agents price guide
House - Beds: 3 - Bath: 1 - Parking: 1 - Land size: 487m2
Price Guide: $1,000,000 - Opening bid $1,000,000 (Vendors bid)
Bidders: 3 - Bids: 55 - Last Sold: Not available
2/24 Rosemont Ave Woollahra - SOLD $2,250,000
12.5% Over agents price guide
Unit - Beds: 3 - Bath: 2 - Parking: 2 - Unit size: 147m2
Price Guide: $2,000,000 - Opening bid $2,000,000 (Vendors bid)
Bidders: 2 - Bids: 9 - Last Sold: 18 Sep 2018 $1,650,000
Daily Telegraph: The ScoMo Effect: Driving the Housing Bounce
Financial Review - Buyers Starved of Property are Pushing Prices Higher
The Real Estate Conversation - The Rise & Rise of the Buyer's Agent
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.