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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