Auction Results Sydney 28 August 2021

Auction Results Sydney 28 August 2021

Auction Results Sydney 28 August 2021

Auction Results Sydney

Comment: Auction Results Sydney

Property prices are expected to rise 23 per cent in Sydney this year, according to the ANZ’s latest forecasts, released on Wednesday. “We did think by this time of the year that the momentum in prices would have pulled back. Interest rates are staying low for some time; they’re driving a lot of the market, and we’re seeing high borrowing” said ANZ senior economist Felicity Emmett.

Momentum in the property market is expected to slow in 2022 due to affordability constraints, but is anticipated to grow at around 5%.

In Bellevue Hill in Sydney’s eastern suburbs, house prices jumped a whopping 15.2 per cent last financial year, or more than $850,000, to a median of $6.45 million, which will buy you a three-bedroom house in original-condition on approximately 500 square meters.

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 Paddington, Sandringham, Darling Point,  Kangaroo Valley, Bellevue Hill, Narromine and  Bowral.

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 28 August 2021

CLEARANCE RATE: 100% - SOLD: 6 - PASSED IN: 0 - AUCTIONS: 6

6 Kevin Avenue, Avalon Beach - SOLD $3,430,000

27.03% Over agents price guide - Price Per Square Meter: $4,386

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 782m2

Price Guide: $2,700,000 - Opening bid: $2,850,000

Bidders: 3 - Bids: 41 - Last Sold: 3 Apr 2020 for $1,770,000

5/55 Bream Street, Coogee - SOLD $987,500

16.17% Over agents price guide - Price Per Square Meter: $19,362

Unit - Beds: 1 - Bath: 1 - Parking: 0 - Unit size: 51m2

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

Bidders: 5 - Bids: 35 - Last Sold: 1 Feb 2008 for $420,000

19 Sandpiper Place, Kenthurst - SOLD $2,810,000

8.07% Over agents price guide - Price Per Square Meter: $1,133

House - Beds: 7 - Bath: 4 - Parking: 3 - Land size: 2480m2

Price Guide: $2,600,000 - Opening bid: $2,475,000

Bidders: 3 - Bids: Circa 20 - Last Sold: 26 May 2014 for $1,580,000

Glengarry 30 Brummagen Rd Narromine - SOLD $1,560,000

20% Over agents price guide - Price Per Acre: $2,294 per acre

Acreage - Beds: 0 - Bath: 0 - Parking: 0 - Land size: 680 acres

Price Guide: $1,300,000 - Opening bid: $1,100,000

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

114/3 Darling Island Road, Pyrmont - SOLD $4,307,000

% Over agents price guide - Price Per Square Meter: $23,155

Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 186m2

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

Bidders: 5 - Bids: 48 - Last Sold: Not available

7/14 Victoria Avenue, Woollahra - SOLD $850,000

6.25% Over agents price guide - Price Per Square Meter: $15,454

Unit - Beds: 1 - Bath: 1 - Parking: 0 - Unit size: 55m2

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

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

Auction Results Sydney

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Auction Results Sydney 21 August 2021

Auction Results Sydney 21 August 2021

Auction Results Sydney 21 August 2021

Auction Results Sydney

Comment: Auction Results Sydney

Record house prices, more savings, less spending and very low interest rates was still working towards a robust housing market. Commonwealth Bank of Australia’s head of Australian economics, Gareth Aird, said the support of banks and governments had helped give households confidence throughout this outbreak.

Households have saved a lot of money over the past year and are investing it wisely in property. The housing market is well supported pretty much across the country. The major factor there is that interest rates are going to stay low for a long time.

At the moment, distressed selling is lower than last year with 798 distressed listings in NSW. Back in October last year, there were 2250 distressed listings in NSW.

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 Sandringham, Darling Point,  Kangaroo Valley, Bellevue Hill, Lakemba,  Bowral and Kellyville Ridge.

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 21 August 2021

CLEARANCE RATE: 100% - SOLD: 6 - PASSED IN: 0 - AUCTIONS: 6

14 Lennox Street, Bellevue Hill - SOLD $8,930,000

62.36% Over agents price guide - Price Per Square Meter: $12,684

Block of Units - Beds: 8 - Bath: 4 - Parking: 0 - Land size: 704m2

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

Bidders: 5 - Bids: 50 - Last Sold: First time offered

6/49 Francis Street, Bondi Beach - SOLD $1,290,000

17.27% Over agents price guide - Price Per Square Meter: $18,169

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

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

Bidders: 3 - Bids: 28 - Last Sold: 14 Fed 1996 for $255,000

25/4-8 Edgecumbe Avenue, Coogee - SOLD $1,900,000

11.76% Over agents price guide - Price Per Square Meter: $13,868

Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 137m2

Price Guide: $1,700,000 - Opening bid: $1,600,000

Bidders: 4 - Bids: 25 - Last Sold: 30 Jul 2014 for $920,000

288 Pacific Highway, Lindfield - SOLD $3,080,000

23.20% Over agents price guide - Price Per Square Meter: $7,700

Commercial Office - Beds: # - Bath: # - Parking: 10 - Land size: 400m2

Price Guide: $2,500,000 - Opening bid: $2,250,000

Bidders: 5 - Bids: Circa 20 - Last Sold: Not available

90 Irrubel Road, Newport - SOLD $2,155,000

% Over agents price guide - Price Per Square Meter: $3,875

House - Beds: 4 - Bath: 2 - Parking: 1 - Land size: 556m2

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

Bidders: 4 - Bids: 20 - Last Sold: 30 Mar 2012 for $770,000

39 Fletcher Street, Woollahra - SOLD $3,425,000

10.48% Over agents price guide - Price Per Square Meter: $20,029

Cottage - Beds: 2 - Bath: 1 - Parking: 0 - Land size: 171m2

Price Guide: $3,100,000 - Opening bid: $3,100,000

Bidders: 3 - Bids: 13 - Last Sold: 15 Apr 2005 for $1,050,000

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Auction Results Sydney 14 August 2021

Buyers Agent Eastern Suburbs

Auction Results Sydney 14 August 2021

Auction Results Sydney

Comment: Auction Results Sydney

The Reserve Bank is still claiming interest rates will remain on life support settings until 2024 and unemployment is at a cyclical low. In all likelihood, property prices hasn’t peaked.

If you are considering getting into the market, you might buy just before prices dip, but more than likely you probably won’t. When property prices dip, they rarely fall that much. They’re not like stock markets. And they usually recover within a year or two. It’s still a great time to buy property in Sydney or the Southern Highlands.

Anyone living in Australia probably feels like local home prices have shot up at shocking rates, but the increases have been mild when compared to Montreal, Los Angeles, Auckland and Toronto, where prices have soared by at least 30 per cent since the start of 2020

PRD Real Estate chief economist Diaswati Dr Mardiasmo said a drop in the number of homes on the market due to the latest lockdowns had only increased competition on properties, as buyer demand remained strong. She added the market was also drawing international interest, as Australia was seen as a safer place for investment due to its handling of the pandemic.

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 Sandringham, Darling Point,  Kangaroo Valley, Bellevue Hill, Lakemba,  Bowral and Kellyville Ridge.

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 14 August 2021

CLEARANCE RATE: 100% - SOLD: 9 - PASSED IN: 0 - AUCTIONS: 9

7 Castlefield Street, Bondi - SOLD $3,455,000

% Over agents price guide - Price Per Square Meter: $13,987

Semi - Beds: 3 - Bath: 1 - Parking: 0 - Land size: 247m2

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

Bidders: 3 - Bids: 35 - Last Sold: 10 Mar 2017 for $1,900,000

35/53 Ocean Avenue, Double Bay - SOLD $920,000

18.42% Over agents price guide - Price Per Square Meter: $16,140

Unit - Beds: 1 - Bath: 1 - Parking: 0 - Unit size: 57m2

Price Guide: $780,000 - Opening bid: $800,000

Bidders: 2 - Bids: 15 - Last Sold: Not available

70 Siandra Drive, Kareela - SOLD $1,990,000

% Over agents price guide - Price Per Square Meter: $3,472

House - Beds: 4 - Bath: 2 - Parking: 1 - Land size: 573m2

Price Guide: $? - Opening bid: $1,450,000

Bidders: 12 - Bids: 51 - Last Sold: 15 Dec 2007 for $740,000

8 Lancaster Crescent, Kingsford - SOLD $3,282,500

?% Over agents price guide - Price Per Square Meter: $9,542

House - Beds: 4 - Bath: 2 - Parking: 1 - Land size: 344m2

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

Bidders: 4 - Bids: 13 - Last Sold: 4 Jun 2015 for$2,275,000

14 Bedford Road, North Epping - Purchased pre-auction $2,067,569

21.62% Over agents price guide - Price Per Square Meter: $1,857

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 1113m2

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

Bidders: # - Bids: # - Last Sold: 12 Jul 2002 for $600,000

23 Renny Street, Paddington - SOLD $2,611,000

18.68% Over agents price guide - Price Per Square Meter: $37,300

Terrace - Beds: 3 - Bath: 2 - Parking: 0 - Land size: 70m2

Price Guide: $2,200,000 - Opening bid: $2,415,000

Bidders: 6 - Bids: Circa 40 - Last Sold: 10 Jun 2016 for $1,850,100

9 Highlands Way, Rouse Hill - SOLD $1,691,000

12.73% Over agents price guide - Price Per Square Meter: $2,415

House - Beds: 5 - Bath: 3 - Parking: 3 - Land size: 700m2

Price Guide: $1,500,000 - Opening bid: $1,400,000

Bidders: 12 - Bids: circa 50 - Last Sold: 12 Jun 2001 for $217,500

3/12 Russell Street, Strathfield- SOLD $695,000

2.2% Over agents price guide - Price Per Square Meter: $7,640

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 89m2

Price Guide: $680,000 - Opening bid: $675,000

Bidders: 1 - Bids: 3 - Last Sold: 13 Jan 2019 for $695,000

14/8 Wentworth Street, Point Piper - SOLD $7,800,000

30% Over agents price guide - Price Per Square Meter: $42,622

Unit - Beds: 3 - Bath: 2 - Parking: 3 - Unit size: 183m2

Price Guide: $6,000,000 - Opening bid: $5,500,000

Bidders: 4 - Bids: 27 - Last Sold: 9 Nov 1990 $1,250,000

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Auction Results Sydney 7 August 2021

Auction Results Sydney 7 August 2021

Auction Results Sydney 7 August 2021

Auction Results Sydney

Comment: Auction Results Sydney

The average full-time worker would need to save almost half their earnings to even keep their deposit in line with house price growth. The median house price jumped almost $107,000 over the quarter or about $1175 per day, to a record median of $1,410,133. Sydney’s median is up to $272,887 over the 12 months to June. In Sydney’s Dover Heights and Northbridge, house prices climbed by more than $1 million.

Economist Cameron Murray, a research fellow in the Henry Halloran Trust at The University of Sydney said, he expected house prices in Australia and globally would continue to rise for a couple more years off the back of record-low rates, increased household savings, and economic stimulus measures amid the ongoing pandemic.

Despite rapid price growth, access to cheap credit meant buying a home was still more affordable than renting, once a deposit had been saved, in many parts of Australia. “So, many buyers right now are willing to leverage to the max and pay anything…. because waiting is worse than buying at a high price today,” he said. Dr Murray said.

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 Sandringham, Darling Point,  Kangaroo Valley, Bellevue Hill, Lakemba,  Bowral and Kellyville Ridge.

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 7 August 2021

CLEARANCE RATE: 100% - SOLD: 8 - PASSED IN: 0 - AUCTIONS: 8

70 Siandra Drive, Kareela - SOLD $1,990,000

% Over agents price guide - Price Per Square Meter: $3,472

House - Beds: 4 - Bath: 2 - Parking: 1 - Land size: 573m2

Price Guide: $? - Opening bid: $1,450,000

Bidders: 12 - Bids: 51 - Last Sold: 15 Dec 2007 for $740,000

6 Tide Street, Kellyville Ridge - Purchased Pre-auction $1,350,000

#% Over agents price guide - Price Per Square Meter: $2,766

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 488m2

Price Guide: $# - Opening bid: $#

Bidders: # - Bids: # - Last Sold: 23 Sep 2010 for $325,000

22a Byng Street, Maroubra - SOLD $2,430,000

21.5% Over agents price guide - Price Per Square Meter: $6,411

House - Beds: 2 - Bath: 1 - Parking: 1 - Land size: 379m2

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

Bidders: 6 - Bids: 22 - Last Sold: Not available

1 McCauley Street, Matraville - SOLD $1,870,000

16.87% Over agents price guide - Price Per Square Meter: $3,521

House - Beds: 3 - Bath: 1 - Parking: 3 - Land size: 531m2

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

Bidders: 4 - Bids: 32 - Last Sold: Not available

8/131-147 Alice Street, Newtown - SOLD $1,510,000

% Over agents price guide - Price Per Square Meter: $9,378

Unit - Beds: 2 - Bath: 1 - Parking: 2 - Unit size: 161m2

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

Bidders: 5 - Bids: 41 - Last Sold: 2 Sep 2019 for $320,0000

17 Carvers Road, Oyster Bay - SOLD $1,483,000

18.44% Over agents price guide - Price Per Square Meter: $2,588

House - Beds: 3 - Bath: 2 - Parking: 2 - Land size: 573m2

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

Bidders: 5 - Bids: 26 - Last Sold: 24 Oct 2011 for $750,000

73 Goodlet Street, Surry Hills - SOLD $1,706,000

13.73% Over agents price guide - Price Per Square Meter: $15,651

Terrace - Beds: 2 - Bath: 1 - Parking: 1 - Land size: 109m2

Price Guide: $1,500,000 - Opening bid: $1,500,000

Bidders: 3 - Bids: 28 - Last Sold: 10 Dec 2009 for $755,000

914a Elizabeth Street, Zetland - SOLD $2,320,000

32.57% Over agents price guide - Price Per Square Meter: $17,846

Terrace - Beds: 3 - Bath: 2 - Parking: 1 - Land size: 130m2

Price Guide: $1,750,000 - Opening bid: $2,000,000

Bidders: 3 - Bids: 22 - Last Sold: 18 Aug 2006 for $749,000

Auction Results Sydney

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