Auction Results Sydney 5 September 2020

Auction Results Sydney

Comment: Auction Results Sydney

The falls in home prices in Sydney is tapering off, due to relatively strong upsizer activity and fewer homeowners putting their properties up for sale.  The median price of a Sydney dwelling is now about $860,000 – 2.6 per cent lower than it was four months ago but 9.8 per cent higher than a year ago.

APAC economist Callam Pickering said, “While a recession is devastating for many, it can often be an opportunity for others to build wealth by buying underpriced assets,” he said. “Higher-income or wealth households, many unaffected by COVID-19, would be licking their lips as property prices fall.”

Houses with backyards have been getting harder to come by across much of Sydney within a 10km radius of the CBD. There is only 100 houses for sale under $1.5m, with the opposite occurring with the inner city apartment market, with supply rising and investor running scared.

Using a Buyer’s Agent: At TBAS®, we offer comprehensive end-to-end support – from identifying and analysing potential properties to dealing with agents, attending inspections, bidding at auction and negotiating a sale on your behalf. We take the time to understand your timeline, budget and exactly what you’re looking for, then create a tailored strategy to get you into your dream home, fast.

We recently achieved outstanding results in Bellevue Hill, Bowral, Maroubra, Tempe and Neutral Bay.

Auction Results Sydney 5 September 2020

CLEARANCE RATE:62.5% - SOLD:5 - PASSED IN:3 - AUCTIONS:8

76 Kambala Road, Bellevue Hill - PASSED IN $8,000,000 (Vendors bid)

% Over agents price guide

House - Beds: 4 - Bath: 5 - Parking: 2 -Land size: 506m2

Price Guide: $9,000,000 - Opening bid: $7,500,000

Bidders: 1 - Bids: 2 - Last Sold: 26 Oct 2008 for $3,925,000

40 William St Double Bay - SOLD $2,900,000

% Over agents price guide

Terrace - Beds: 3 - Bath: 2 - Parking: 0 -Land size: 181m2

Price Guide: $? - Opening bid: $2,000,000

Bidders: 3 - Bids: 19 - Last Sold: Not available

9 Tryon Street Chatswood - SOLD $4,010,000

14.57% Over agents price guide

House - Beds: 4 - Bath: 3 - Parking: 2 -Land size: 758m2

Price Guide: $3,500,000 - Opening bid: $3,500,000

Bidders: 4 - Bids: 24 - Last Sold: Not available

705/2 Birtley Place, Elizabeth Bay - PASSED IN $1,000,000 (Vendors bid)

% Over agents price guide

Unit - Beds: 1 - Bath: 1 - Parking: 1 -Unit size: 51m2

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

Bidders: 0 - Bids: 1 - Last Sold: 28 May 2018 for $1,150,000

66/525 Illawarra Road, Marrickville - SOLD $1,110,000

30.58% Over agents price guide

Unit - Beds: 2 - Bath: 2 - Parking: 1 -Unit size: 160m2

Price Guide: $850,000 - Opening bid: $700,000

Bidders: 4 - Bids: circa 40 - Last Sold: 17 May 2013 for $649,000

3/526 Bunnerong Road, Matraville - PASSED IN $850,000 (Vendors bid)

% Over agents price guide

Unit - Beds: 3 - Bath: 2 - Parking: 1 -Unit size: 94m2

Price Guide: $850,000 - Opening bid: $8,50,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 20 Nov 2013 for $660,000

9 Cascade Street, Paddington - SOLD $2,050,000

% Over agents price guide

Terrace - Beds: 2 - Bath: 1 - Parking: 0 -Land size: 79m2

Price Guide: $? - Opening bid: $1,700,000

Bidders: 5 - Bids: 31 - Last Sold: 26 Nov 1993 for $340,000

16/32-38 Dutruc Street, Randwick - SOLD $615,000

2.5% Over agents price guide

Unit - Beds: 1 - Bath: 1 - Parking: 1 -Unit size: ?m2

Price Guide: $600,000 - Opening bid: $600,000 (Vendors bid)

Bidders: 1 - Bids: 3 - Last Sold: 3 Dec 2010 for $445,000

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