Auction Results Sydney 29 May 2021

Auction Results Sydney

Comment: Auction Results Sydney

The country’s apartment prices are likely to kick up a gear in the coming months with experts predicting that property investors—who have cautiously sat on the sidelines—are beginning to move back into the market. Apartment prices edged up 1.2 per cent in April to be up 4.2 per cent during the quarter and seem to be heading in the right direction.

Rental Yield v’s Capital Gain: Sydney has the lowest rental yields in the country, but highest capital gains; Sydney has the highest average annual rate of capital gains during the past decade with house values averaging a 6.6 per cent rise each year and unit values averaging 4.5 per cent per annum. With most investors focused on capital gain rather than rental return, this track record of growth explains the popularity of Sydney among investors.

There were 1,111 homes taken to auction across Sydney this week, compared to 1,150 last week and 309 this time last year, returning a preliminary auction clearance rate of 80.0 per cent.

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, Botany, Bowral, Maroubra, Summer Hill, Avalon Beach and Caringbah South.

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 29 May 2021

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

23/7-11 Henderson Street, Bondi - SOLD $1,930,000

?% Over agents price guide - Price Per Square Meter: $20,978

Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 92m2

Price Guide: $? - Opening bid: $1,650,000

Bidders: 7 - Bids: 25 - Last Sold: 9 Sep 2014 for $1,200,000

8/166 New South Head Road, Edgecliff - SOLD $965,000

7.22% Over agents price guide - Price Per Square Meter: $12,866

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 75m2

Price Guide: $900,000 - Opening bid: $857,000

Bidders: 4 - Bids: 12 - Last Sold: 20 May 2014 for $875,000

181 Hargrave Street, Paddington - SOLD $5,300,000

6% Over agents price guide - Price Per Square Meter: $27,894

Terrace - Beds: 3 - Bath: 2 - Parking: 2 - Land size: 190m2

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

Bidders: 1 - Bids: 3 - Last Sold: 20 Sep 2008 for $1,750,000

6 Conway Avenue, Rose Bay - SOLD $5,605,000

% Over agents price guide - Price Per Square Meter: $11,187

House - Beds: 3 - Bath: 2 - Parking: 2 - Land size: 501m2

Price Guide: $ - Opening bid: $4,800,000

Bidders: 4 - Bids: 16 - Last Sold: 1 Sep 2005 for $2,200,000

1/8 Kent Road, Rose Bay - SOLD $4,900,000

?% Over agents price guide - Price Per Square Meter: $26,923

Unit - Beds: 3 - Bath: 2 - Parking: 2 - Unit size: 182m2

Price Guide: $? - Opening bid: $4,000,000

Bidders: 3 - Bids: 14 - Last Sold: 3 Mar 2016 for $2,600,000

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