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.

 


Auction Results Sydney 4 July 2020.

Clearance Rate:60% - Sold:3 - Passed In:2 - Withdrawn:0 - Auctions:5

 

Auction Bidding

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

https://www.realestate.com.au/property-house-nsw-bondi+beach-133494538

 


Auction Bidding Service

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

https://www.realestate.com.au/property-house-nsw-maroubra-133747254

 

 


Auction Results Sydney

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

https://www.realestate.com.au/property-apartment-nsw-north+bondi-133711246


Auction Results Sydney

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

https://www.realestate.com.au/property-house-nsw-sans+souci-133755486


AUction Results Sydney 4 July 2020

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

https://www.realestate.com.au/property-apartment-nsw-woollahra-133744402


Auction Results Sydney

Buyers Agent Inner WestCase Study

13 William St Tempe - Read Report

 

 

Articles by TBAS®Auction Bidding Service

5 Tips for Auction Success

 

 

 

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.