Auction Results Sydney 27 February 2021

Auction Results Sydney 27 February 2021

Auction Results Sydney 27 February 2021

Auction Results Sydney

Comment: Auction Results Sydney

The Auction clearance rate for February to date has reached 84.4 per cent and the median price for a house at auction in Sydney has reached a record high of $1.68 million. The large volume of buyers out in the market is currently outstripping the supply of Sydney homes for sale, which doesn’t look like easing any time soon.

Westpac, on Monday sharply revised upwards their forecasts for house prices, declaring momentum across capital cities was growing, predicting a 10 per cent increase in Sydney dwellings this year. Westpac economists Bill Evans and Matthew Hassan said Australia was clearly a “seller’s market”. One headwind to the market could be the nation’s immigration intake, with population growth tipped to reach its lowest level since World War I. The Reserve Bank has signalled it won’t start lifting official interest rates until 2024.

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, Cronulla, Bowral, Maroubra, St Ives and Avalon Beach.

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

Auction Results Sydney 27 February 2021

CLEARANCE RATE:100% - SOLD:5 - PASSED IN:0 - AUCTIONS:5

8/42 Fairfax Road, Bellevue Hill - SOLD $4,375,000

18.24% Over agents price guide

Penthouse - Beds: 3 - Bath: 2 - Parking: 2 - Unit size: ?m2

Price Guide: $3,700,000 - Opening bid: $3,700,000

Bidders: 3 - Bids: 10 - Last Sold: 24 May 2010 for $1,600,000

20 Rivers Street, Bellevue Hill - SOLD $7,150,000

43% Over agents price guide

House - Beds: 5 - Bath: 3 - Parking: 1 - Land size: 469m2

Price Guide: $5,000,000 - Opening bid: $4,500,000

Bidders: circa 4 - Bids: circa 30 - Last Sold: 28 Nov 1998 for $1,300,000

8/8-10 Botany Street, Randwick - SOLD $873,000

% Over agents price guide

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 68m2

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

Bidders: 4 - Bids: 23 - Last Sold: 11 Feb 1997 for $223,100

45 Rowland Street, Revesby - SOLD $1,280,000

42.22% Over agents price guide

House - Beds: 3 - Bath: 2 - Parking: 1 - Land size: 578m2

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

Bidders: 6 - Bids: circa 30 - Last Sold: 2 Aug 1994 for $81,500

168 Carrington Road, Waverley - SOLD $3,100,000

24% Over agents price guide

House - Beds: 5 - Bath: 2 - Parking: 2 - Land size: 278m2

Price Guide: $2,500,000 - Opening bid: $2,600,000

Bidders: 3 - Bids: 23 - Last Sold: 18 Feb 2013 for $1,510,000

Auction Results Sydney

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Auction Results Sydney 20 February 2021

Auction Bidding

Auction Results Sydney 20 February 2021

Auction Results Sydney

Comment: Auction Results Sydney

Sydney property is booming! CBA has forecast house prices will jump 7.5 per cent in 2021. The boom is being driven by record low mortgage rates coupled with a V‑shaped recovery in the labour market.

Similarly, Inner-city apartments have been the hardest hit by COVID-19, due to low immigration and the absence of international students, according to a report by the National Housing Finance and Investment Corporation. This has lead to a short-term drop in rents, putting downward pressure on apartment prices in those markets.

Any downward pressure on rents and apartment prices in Melbourne and Sydney is expected to be short-lived, due to the global roll out of the COVID vaccine, enabling the return of international students and increased immigration levels over the next few years.

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, Cronulla, Bowral, Maroubra, St Ives and Avalon Beach.

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

Auction Results Sydney 20 February 2021

CLEARANCE RATE:100% - SOLD:7 - PASSED IN:0 - AUCTIONS:7

39A Carlotta Road, Double Bay - SOLD $9,725,000

38.92% Over agents price guide

House - Beds: 5 - Bath: 6 - Parking: 2 - Land size: 324m2

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

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

5 Weerona Place, Caringbah South - SOLD $4,400,000

25.71% Over agents price guide

House - Beds: 5 - Bath: 4 - Parking: 6 - Land size: 885m2

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

Bidders: 3 - Bids: 11 - Last Sold: 9 Sep 1994 for $340,000

5 Flinders Road, Cronulla - SOLD $1,960,000

17.41% Over agents price guide

House - Beds: 3 - Bath: 1 - Parking: 2 - Land size: 571m2

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

Bidders: 3 - Bids: Circa 12 - Last Sold: 9 Sep 1994 for $340,000

30 Bolaro Avenue, Gymea - SOLD $1,450,000

26.08% Over agents price guide

House - Beds: 3 - Bath: 2 - Parking: 2 - Land size: 619m2

Price Guide: $1,150,000 - Opening bid: $1,180,000

Bidders: 6 - Bids: Circa 25 - Last Sold: 29 Aug 1974 for $64,000

6/93 Soldiers Road, Jannali - SOLD $810,000

15.71% Over agents price guide

Villa - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 75m2

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

Bidders: 4 - Bids: 21 - Last Sold: 2 Apr 2001 for $289,000

36 Knight Avenue, Kings Langley - SOLD $1,315,000

19.54% Over agents price guide

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 690m2

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

Bidders: 7 - Bids: circa 40 - Last Sold: 21 Mar 2014 for $650,000

59A National Avenue, Loftus - SOLD $1,395,000

16.25% Over agents price guide

Semi - Beds: 4 - Bath: 2 - Parking: 1 - Land size: 373m2

Price Guide: $1,200,000 - Opening bid: $1,200,000

Bidders: 2 - Bids: 16 - Last Sold: 6 Mar 2014 for $950,000

Auction Results Sydney
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Purchased 5 Flinders Rd Cronulla

Buyers Agent Sydney

Purchased 5 Flinders Rd Cronulla

 

Client Brief: Purchase a free-standing house within walking distance to Cronulla Beach that has strong capital growth potential for under two million dollars.

 

Result: On the cusp of a property boom for free-standing houses in Sydney, Rodney McLoughlin from TBAS® Buyers Agents was engaged to assist in analysing the agents price guide to determine a realistic purchase price and tailor an auction strategy for an in-house auction with 8 registered bidders.

Due to the thorough research conducted pre-auction, Rodney McLoughlin was able to execute an aggressive auction strategy that enabled him to secure the property under his clients price expectations. 

 

Price: $1,960,000

Realestate.com.au: https://www.realestate.com.au/property-house-nsw-cronulla-135256746

 

Need Help Purchasing a Property? 

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Auction Results Sydney 13 February 2021

Auction Results Sydney

Auction Results Sydney 13 February 2021

Auction Results Sydney

Comment: Auction Results Sydney

House values have climbed to their highest level on record. Supply levels are low while demand is strong. It is a seller’s market. With sentiment rising and selling conditions favouring the vendor, it is reasonable to expect new listing numbers will rise during the year, which may take a little heat out of the market.

In an internal document from the RBA has predicted that home values could rise by as much as 30 per cent within just three years due to borrower belief that rock bottom interest rates are here to stay.

CoreLogic data shows that despite the deepest recession since the 1930s, Sydney’s house prices increased by 4 per cent to edge above $1 million during 2020.

The RBA says low rates will push up house prices and are prepared to tighten lending standards if record low interest rates result in a housing boom that could leave new home buyers in negative equity or risk them taking on too much debt.

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, Connells Point, Bowral, Maroubra, St Ives and Avalon Beach.

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

Auction Results Sydney 13 February 2021

CLEARANCE RATE:83.33% - SOLD:5 - PASSED IN:1 - AUCTIONS:6

1/53 Boronia Road, Bellevue Hill - SOLD $1,252,000

25.2% Over agents price guide

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 75m2

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

Bidders: 5 - Bids: 45 - Last Sold: Not available

157 Old South Head Road, Bondi Junction - SOLD $2,480,000

?% Over agents price guide

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 354m2

Price Guide: $? - Opening bid: $2,150,000

Bidders: 3 - Bids: 30 - Last Sold: 16 Nov 2015 for $1,750,000

49 Woolgoolga Street, North Balgowlah - SOLD $2,730,000

18.26% Over agents price guide

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 594m2

Price Guide: $2,300,000 - Opening bid: $2,500,000

Bidders: 5 - Bids: Circa 35 - Last Sold: 1 March 2014 for $1,670,000

8 Bishops Avenue, Randwick - SOLD $7,300,000

21.66% Over agents price guide

House - Beds: 5 - Bath: 3 - Parking: 2 - Land size: 556m2

Price Guide: $6,000,000 - Opening bid: $5,900,000

Bidders: 3 - Bids: 15 - Last Sold: 30 Jan 2004 for $2,825,000

6/18 Chester Street, Woollahra - PASSED IN $1,250,000 (Vendors bid)

% Over agents price guide

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 83m2

Price Guide: $1,250,000 - Opening bid: $1,250,000 (Vendors bid)

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

2/313a Edgecliff Road, Woollahra - SOLD $2,040,000

?% Over agents price guide

Unit - Beds: 3 - Bath: 1 - Parking: 0 - Unit size: 163m2

Price Guide: $? - Opening bid: $1,850,000

Bidders: 2 - Bids: 12 - Last Sold: Not available

Auction Results Sydney
Buyers Agent Sydney

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Auction Bidding Service

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