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

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