Auction Results Sydney 26 June 2021

Auction Results Sydney 26 June 2021

Auction Results Sydney 26 June 2021

Auction Results Sydney

Comment: Auction Results Sydney

Sydney’s median house value has climbed more than 15 per cent through the first 5 months of the year and1.5 per cent through the first 17 days of June. Therefore, The Reserve Bank is poised to tighten lending standards in the face of soaring property prices.

The Commonwealth Bank has revealed it would increase the interest rate it uses to assess new loan applications, lifting its assessment rate from 5.1 per cent to 5.25 per cent, a move that is likely to pare back the maximum amount some customers can borrow. CBA said the “vast majority” of customers would be unaffected by the change.

The price cap for the First Home Loan Deposit Scheme in Sydney will be increased $100,000 to $800,000 to assist first home buyers in this rapidly raising market.

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 Darling Point,  Croydon, Bellevue Hill, Riverwood, Bowral, Maroubra 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 26 June 2021

CLEARANCE RATE:85.71% - SOLD:6 - PASSED IN:1 - AUCTIONS:7

8/40A Birriga Road, Bellevue Hill - SOLD $1,000,000

5.26% Over agents price guide - Price Per Square Meter: $14,084

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 71m2

Price Guide: $950,000 - Opening bid: $950,000 (Vendors bid)

Bidders: 1 - Bids: 3 - Last Sold: 17 Aug 2001 for $415,000

8 Suttie Road, Bellevue Hill - SOLD $8,900,000

18.66% Over agents price guide - Price Per Square Meter: $15,136

House - Beds: 5 - Bath: 4 - Parking: 2 - Land size: 588m2

Price Guide: $7,500,000 - Opening bid: $8,300,000

Bidders: 4 - Bids: ? - Last Sold: 31 Jul 2007 for $3,820,000

3/23 Manning Rd, Double Bay - SOLD $4,100,000

9.33% Over agents price guide - Price Per Square Meter: $?

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

Price Guide: $3,750,000 - Opening bid: $3,800,000

Bidders: 3 - Bids: 7 - Last Sold: 4 July 2018 for $1,800,000

46 Blake Street, Dover Heights - SOLD $6,720,000

30.05% Over agents price guide - Price Per Square Meter: $13,125

House - Beds: 4 - Bath: 3 - Parking: 3 - Land size: 512m2

Price Guide: $4,700,000 - Opening bid: $4,700,000

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

166 Doncaster Avenue, Kensington - SOLD $7,300,000

82.5% Over agents price guide - Price Per Square Meter: $11,908

House - Beds: 4 - Bath: 2 - Parking: 3 - Land size: 613m2

Price Guide: $4,000,000 - Opening bid: $4,000,000 (Vendors bid)

Bidders: 4 - Bids: 33 - Last Sold: 29 June 2012 for $1,400,000

39 Campbell Avenue, Paddington - PASSED IN $2,250,000 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $23,684

House - Beds: 3 - Bath: 1 - Parking: 0 - Land size: 95m2

Price Guide: $2,200,000 - Opening bid: $2,250,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 23 Jul 1999 for $445,000

6/326 Edgecliff Road, Woollahra - SOLD $1,275,000

27.5% Over agents price guide - Price Per Square Meter: $19,615

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 65m2

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

Bidders: 6 - Bids: 28 - Last Sold: 23 Aug 2006 for $420,000

Auction Results Sydney

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Auction Results Sydney 19 June 2021

Auction Results Sydney 19 June 2021

Auction Results Sydney 19 June 2021

Auction Results Sydney

Comment: Auction Results Sydney

The Reserve Bank has said it is focused on keeping interest rates low to drive down unemployment and the Australian Bureau of Statistics data shows the average new loan has reached a record $635,300 in NSW.

AMP Capital chief economist Shane Oliver said the rate of house price growth had likely peaked. However, values would still rise, albeit at a slower rate, because lower interest rates and government incentives were still pushing up prices.

OECD said Australian house prices had experienced the fourth largest increase in after-inflation prices across the OECD, up by 120 per cent between 2000 and 2020. It also noted house prices are being pushed up by a lack of supply and restrictive land use laws.

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 Darling Point,  Croydon, Bellevue Hill, Riverwood, Bowral, Maroubra 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 19 June 2021

CLEARANCE RATE:85.71% - SOLD:6 - PASSED IN:1 - AUCTIONS:7

12/26 Simpson Street, Bondi Beach - SOLD $2,055,000

?% Over agents price guide - Price Per Square Meter: $16,707

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 123m2

Price Guide: $? - Opening bid: $1,600,000

Bidders: 3 - Bids: 20 - Last Sold: 5 March 1999 for $405,500

82 Wellington Street, Bondi Beach - SOLD $3,000,000

20% Over agents price guide - Price Per Square Meter: $17,241

House - Beds: 2 - Bath: 2 - Parking: 0 - Land size: 174m2

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

Bidders: 3 - Bids: 15 - Last Sold: 12 May 2008 for $982,500

106 Mill Hill Road, Bondi Junction - SOLD $2,285,000

14.24% Over agents price guide - Price Per Square Meter: $17,576

Terrace - Beds: 2 - Bath: 1 - Parking: 0 - Land size: 130m2

Price Guide: $2,000,000 - Opening bid: $1,900,000

Bidders: 3 - Bids: Circa 25 - Last Sold: Not available

50 George Street, Dover Heights - PASSED IN $4,015,000

11.52% Over agents price guide - Price Per Square Meter: $15,037

Semi - Beds: 6 - Bath: 4 - Parking: 2 - Land size: 267m2

Price Guide: $3,600,000 - Opening bid: $3,600,000

Bidders: 2 - Bids: 16 - Last Sold: 18 Sep 2019 for $2,700,000

5/260 New South Head Road, Double Bay - SOLD $1,400,000

16.66% Over agents price guide - Price Per Square Meter: $15,053

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 93m2

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

Bidders: 3 - Bids: 18 - Last Sold: 30 Jul 2010 for $615,000

14 Baringa Road, Mortdale - SOLD $1,625,000

16.07% Over agents price guide - Price Per Square Meter: $3,060

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 531m2

Price Guide: $1,400,000 - Opening bid: $?

Bidders: ? - Bids:? - Last Sold: 2 Jun 2012 for $680,000

3 Fern Street, Waverley - SOLD $2,780,000

?% Over agents price guide - Price Per Square Meter: $11,631

House - Beds: 3 - Bath: 2 - Parking: 0 - Land size: 239m2

Price Guide: $? - Opening bid: $2,200,000

Bidders: 3 - Bids: 28 - Last Sold: 23 May 2000 for $590,000

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Auction Results Sydney 12 June 2021

Auction Results Sydney 12 June 2021

Auction Results Sydney 12 June 2021

Auction Results Sydney

Comment: Auction Results Sydney

Interest Rates: RBA assistant governor Christopher Kent reiterated the bank’s view that inflation and wages growth would not be high enough to justify an interest rate rise until at least 2024. A half percentage point increase on a 30-year, $450,000 mortgage would lift the monthly repayment by $118, or $1416 a year

House Price Forecast: AMP Capital chief economist Shane Oliver said national house prices could rise by as much as 18 per cent by the end of the year and a further 5 per cent next year. House prices could start to fall in 2023, especially if the Reserve Bank of Australia decided to raise interest rates a year earlier than predicted.

First Home Buyer’s v’s Investors: Investor loans were up 2.1% in April and First Home Buyer’s down 1.9%. Investors are determined to buy bricks and mortar rather than leaving money in the bank, collecting dust. Investors often return to the market once prices rise and they can see the potential for capital growth.

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 Darling Point,  Croydon, Bellevue Hill, Riverwood, Bowral, Maroubra 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 12 June 2021

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

19/8 Bellevue Road, Bellevue Hill- SOLD $1,530,000

22.40% Over agents price guide - Price Per Square Meter: $15,454

Unit - Beds: 1 - Bath: 1 - Parking: 1 - Unit size: 99m2

Price Guide: $1,250,000 - Opening bid: $1,250,000

Bidders: 3 - Bids: 20 - Last Sold: 15 Aug 2005 for $625,000

9/13-15 Ocean Street North, Bondi- SOLD $1,435,000

19.58% Over agents price guide - Price Per Square Meter: $18,397

Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 78m2

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

Bidders: 3 - Bids: 22 - Last Sold: 25 Aug 1988 for $226,000

761 South Dowling St, Redfern SOLD $2,700,000

8% Over agents price guide - Price Per Square Meter: $19,424

Terrace - Beds: 3 - Bath: 3 - Parking: 1 - Land size: 139m2

Price Guide: $2,500,000 - Opening bid: $2,400,000

Bidders: 4 - Bids: 12 - Last Sold: 8 Apr 2017 for $1,600,000

29 Coldstream Street, South Coogee- SOLD $3,900,000

11.42% Over agents price guide - Price Per Square Meter: $7,975

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 489m2

Price Guide: $3,500,000 - Opening bid: $3,700,000 vendors bid

Bidders: 1 - Bids: 2 - Last Sold: 20 Sep 1993 for $390,000

11 Edward Street, Woollahra- SOLD $2,660,000

33% Over agents price guide - Price Per Square Meter: $13,571

House - Beds: 2 - Bath: 1 - Parking: 0 - Land size: 196m2

Price Guide: $2,000,000 - Opening bid: $1,800,000

Bidders: 6 - Bids: 35 - Last Sold: 23 Jan 2001 for $600,000

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Auction Results Sydney 5 June 2021

Buyers Agent Eastern Suburbs

Auction Results Sydney 5 June 2021

Auction Results Sydney

Comment: Auction Results Sydney

Sydney house prices jumped another 3.5 per cent last month (up $40,000 in May) to be 11 per cent up over the quarter and the top quartile is up by 12 per cent. 4o experts and economists surveyed, revealed the average house price could rise by 21 per cent in Sydney in 2021. 

This increase would be the highest annual increase for the Sydney property market in recent history, beating the previous record of a 15 per cent rise in 2013.

The imbalance between demand and supply is continuing to create urgency amongst buyers, with properties up for sale about 24 per cent below its long-term average. However, it is expected it to slow eventually because you can’t expect such vigorous price gains without people’s ability to service loans.

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 Darling Point,  Bellevue Hill, Botany, Bowral, Maroubra, 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 5 June 2021

CLEARANCE RATE:80% - SOLD:4 - PASSED IN:1 - AUCTIONS:5

5/57 New Beach Road, Darling Point - SOLD $7,300,000

62.22% Over agents price guide - Price Per Square Meter: $24,333

Unit - Beds: 3 - Bath: 2 - Parking: 2 - Unit size: 300m2 int. & ext.

Price Guide: $4,500,000 - Opening bid: $5,100,000

Bidders: 3 - Bids: 21 - Last Sold: Not available

G03/17 Wetherill Street, Croydon - SOLD $915,000

10.90% Over agents price guide - Price Per Square Meter: $5,000

Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 183m2 int. & ext.

Price Guide: $825,000 - Opening bid: $875,000

Bidders: 2 - Bids: 9 - Last Sold: Not available

41 Paten Street, Revesby- SOLD $1,300,000

18.18% Over agents price guide - Price Per Square Meter: $1,740

House - Beds: 5 - Bath: 3 - Parking: 2 - Land size: 747m2

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

Bidders: 4 - Bids: 16 - Last Sold: 2 Dec 2009 for $600,000

11 Lily Avenue, Riverwood - SOLD $1,180,000

31.11% Over agents price guide - Price Per Square Meter: $2,122

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

Price Guide: $900,000 - Opening bid: $985,000

Bidders: 4 - Bids: Circa29 - Last Sold: 7 Jul 2015 for $952,000

3/66 Shirley Road, Wollstonecraft - PASSED IN $?

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

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 101m2

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

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

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Purchased 5/57 New Beach Road, Darling Point

Buyers Agent Eastern Suburbs

Purchased 5/57 New Beach Road, Darling Point

 

Client Brief: Whole floor apartment with water & harbour bridge views in Darling Point. 3/4 bedrooms, 2 bathrooms and double parking. Budget: Circa $7,000,000

Result:  The property was a deceased estate and with no chance of negotiating prior to auction, Rodney McLoughlin from TBAS® Buyers Agents executed a proven auction strategy, completely removing his clients emotions and anxiety from the process.

With a typical low price guide for a deceased estate of $4,500,000, there was strong interest with 8 registered bidders. A strong opening bid of $5.1m by Rodney McLoughlin, 5 of the registered bidders were knocked out of the bidding from the start.

After 21 bids from 3 bidders within several minutes, Rodney McLoughlin’s aggressive bidding eliminated the competition and secured the property well within his clients expectations.

 

Price: $7,300,000

Realestate.com.au: https://www.realestate.com.au/sold/property-apartment-nsw-darling+point-136196770

Need Help Purchasing a Property? 

*Independent Advice

*Auction Bidding & Guide Price Analysis

*Off Market Properties

*Negotiations

*Property Searching & Due Diligence

Contact Rodney McLoughlin – Director TBAS® Buyers Agents

rodney@tbas.live0418 474 304 – www.tbas.live