Auction Results Sydney 25 September 2021

Auction Results Sydney 25 September 2021

Auction Results Sydney 25 September 2021

Auction Results Sydney

Comment: Auction Results Sydney

Will Australian regulators step in to take the heat out of the property sector?

Some analysts have suggested the Australian regulators might lift the cash rate to cool the property market,” Governor Philip Lowe observed last week, however he said “I want to be clear that this is not on our agenda.”

Because the central bank is entirely preoccupied with another goal, namely driving Australia’s jobless rate so low to reach effective “full employment”. Noting, there is no point in having cheaper homes if lots of people don’t have a job to service a mortgage.

Commonwealth Bank head of Australian economics Gareth Aird said as long as interest rates remained this low, property prices would keep rising, despite the large negative shock the economy is going through.

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 Randwick, Paddington, Sandringham, Darling Point, Bellevue Hill, Oatley 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 25 September 2021

CLEARANCE RATE: 100% - SOLD: 7 - PASSED IN: 0 - AUCTIONS: 7

19 Sunnyridge Place, Bayview - SOLD $3,725,000

20.16% Over agents price guide - Price Per Square Meter: $4,271

House - Beds: 5 - Bath: 3 - Parking: 2 - Land size: 872m2

Price Guide: $3,100,000 - Opening bid: $3,225,000

Bidders: 3 - Bids: Circa 20 - Last Sold: 29 Aug 1991 for $377,000

1/223-227 O'Sullivan Road, Bellevue Hill - SOLD $5,150,000

% Over agents price guide - Price Per Square Meter: $9,735

Unit - Beds: 3 - Bath: 2 - Parking: 3 - Unit size: 529m2

Price Guide: $? - Opening bid: $3,700,000

Bidders: 2 - Bids: 15 - Last Sold: 20 Apr 2012 for $2,560,0000

9 Castlefield Street, Bondi - SOLD $6,050,000

% Over agents price guide - Price Per Square Meter: $12,075

House - Beds: 4 - Bath: 1 - Parking: 4 - Land size: 501m2

Price Guide: $? - Opening bid: $5,750,000

Bidders: 2 - Bids: 11 - Last Sold: 10 Mar 2017 for $3,000,000

4/22 Milson Road, Cremorne Point - SOLD $2,721,500

23.70% Over agents price guide - Price Per Square Meter: $19,864

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 137m2

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

Bidders: 3 - Bids: 176 - Last Sold: 13 Mar 1987 for $210,000

8/21 Guilfoyle Avenue, Double Bay - SOLD $1,575,000

18.33% Over agents price guide - Price Per Square Meter: $22,183

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

Price Guide: $1,500,000 - Opening bid: $1,300,000

Bidders: 3 - Bids: 14 - Last Sold: 4 Nov 2009 for $644,000

35 Bowman Street, Drummoyne - SOLD $2,030,000

% Over agents price guide - Price Per Square Meter: $8,576

House - Beds: 3 - Bath: 1 - Parking: 0 - Land size: 234m2

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

Bidders: 4 - Bids: 17 - Last Sold: 12 Jan 1979 for $35,000

33-35 Darley Street, Newtown - SOLD $3,102,000

% Over agents price guide - Price Per Square Meter: $8,184

House - Beds: 4 - Bath: 1 - Parking: 2 - Land size: 379m2

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

Bidders: 2 - Bids: 33 - Last Sold: Not available

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Auction Results Sydney 18 September 2021

Auction Results Sydney 18 September 2021

Auction Results Sydney 18 September 2021

Auction Results Sydney

Comment: Auction Results Sydney

Australia recorded its highest rate of annual price growth in decades and is one of the fastest growing in the world, ranked seventh out of 55 countries according Knight Frank’s Global House Price Index.

The key driver for the significant growth was incredibly low interest-rate and more buyers than there were homes.

Sellers are reluctant to put their house on the, with limited supply available to buy in the areas to which they want to move, so it has become a vicious circle.

The federal government has begun an inquiry into housing affordability and supply, however in the short term, there really isn’t anything anyone can do to rebalance demand and supply other than restricting available credit.

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 Randwick, Paddington, Sandringham, Darling Point, Bellevue Hill, Oatley 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 18 September 2021

CLEARANCE RATE: 100% - SOLD: 11 - PASSED IN: 0 - AUCTIONS: 11

112/85 Reynolds Street, Balmain - SOLD $1,080,000

% Over agents price guide - Price Per Square Meter: $13,846

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

Price Guide: $? - Opening bid: $920,000

Bidders: 2 - Bids: 10 - Last Sold: 9 Nov 2001 for $480,000

55/6-14 Darley Street, Darlinghurst - SOLD $716,000

10.15% Over agents price guide - Price Per Square Meter: $19,351

Unit - Beds: 1 - Bath: 1 - Parking: 1 - Unit size: 37m2

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

Bidders: 3 - Bids: 5 - Last Sold: 10 Dec 2016 for $620,000

63 Barcom Avenue, Darlinghurst - SOLD $3,850,000

10% Over agents price guide - Price Per Square Meter: $21,751

Terrace - Beds: 3 - Bath: 3 - Parking: 1 - Land size: 177m2

Price Guide: $3,500,000 - Opening bid: $3,400,000

Bidders: 3 - Bids: 8 - Last Sold: 29 Jul 2008 for $590,000

7A/5-11 Thornton Street, Darling Point - SOLD $7,000,000

% Over agents price guide - Price Per Square Meter: $38,888

Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 180m2

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

Bidders: 5 - Bids: 32 - Last Sold: 14 Jan 2000 for $1,675,000

36-40 Station Street East, Harris Park - SOLD $3,450,000

15% Over agents price guide - Price Per Square Meter: $4,312

Terraces x 3 - Beds: 15 - Bath: 6 - Parking: 4 - Land size: 800m2

Price Guide: $3,000,000 - Opening bid: $2,500,000

Bidders: 5 - Bids: 226 (Record auction time of 2 hours) - Last Sold: Not available

4 Meldrum Avenue, Miranda - SOLD $1,605,000

% Over agents price guide - Price Per Square Meter: $2,729

House - Beds: 3 - Bath: 1 - Parking: 2 - Land size: 588m2

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

Bidders: 6 - Bids: 21 - Last Sold: Not available

3/23 Ada Street, Oatley - SOLD $1,510,000

25.83% Over agents price guide - Price Per Square Meter: $11,889

Villa - Beds: 3 - Bath: 2 - Parking: 2 - Land size: 127m2

Price Guide: $1,200,000 - Opening bid: $1,225,000

Bidders: 3 - Bids: Circa 18 - Last Sold: 12 Sep 2001 for $475,000

24 Napoleon Street, Rosebery - SOLD $2,265,000

13.25% Over agents price guide - Price Per Square Meter: $8,678

Semi - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 261m2

Price Guide: $2,000,000 - Opening bid: $2,125,000

Bidders: 4 - Bids: Circa 30 - Last Sold: 6 Mar 2015 for $1,626,600

131 Hargrave Street, Paddington - SOLD $4,350,000

8.75% Over agents price guide - Price Per Square Meter: $26,524

Terrace - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 164m2

Price Guide: $4,000,000 - Opening bid: $3,900,000

Bidders: 3 - Bids: 7 - Last Sold: 27 Oct 2020 for $4,000,000

100 New South Head Road, Vaucluse - SOLD $9,050,000

25.62% Over agents price guide - Price Per Square Meter: $13,507

House - Beds: 6 - Bath: 3 - Parking: 4 - Land size: 670m2

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

Bidders: 3 - Bids: 34 - Last Sold: Not available

3 Coral Heath Avenue, Westleigh - SOLD $1,870,000

16.87% Over agents price guide - Price Per Square Meter: $2,690

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 695m2

Price Guide: $1,600,000 - Opening bid: $1,675,000

Bidders: 3 - Bids: Circa 20 - Last Sold: 8 Jun 1994 for $260,000

Auction Results Sydney

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Auction Results Sydney 11 September 2021

Buyers Agent Eastern Suburbs

Auction Results Sydney 11 September 2021

Auction Results Sydney

Comment: Auction Results Sydney

Sydney’s COVID lockdown has created the worst housing shortage in a generation, putting added pressure on prices. Freestanding house supply is less than half pre-pandemic levels. Buyers significantly outnumber sellers, with a lot of sellers preferring to buy before they sell, due to fear of been priced out of the market.

The lowest supply of listings were coastal enclaves, while the areas with an abundance of available houses were new suburbs on the city fringes, such as Box Hill and Oran Park.

Sydney’s median auction house price has soared to a record $1.92 million, up an astounding 32.3 per cent over the year and 11.8 per cent in just one month.

Finance to first-time homebuyers fell 7.6 per cent in July. Cashed-up investors are pushing aside first-home buyers as property prices continue to rise.

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 11 September 2021

CLEARANCE RATE: 83.33% - SOLD: 5 - PASSED IN: 1 - AUCTIONS: 6

6/16 Mount Street, Coogee - SOLD $790,000

1.93% Over agents price guide - Price Per Square Meter: $17,555

Unit - Beds: 1 - Bath: 1 - Parking: 0 - Unit size: 45m2

Price Guide: $775,000 - Opening bid: $750,000

Bidders: 2 - Bids: 5 - Last Sold: 9 Aug 2013 for $490,0000

26 Flood Street, Leichhardt - SOLD $2,051,000

13.94% Over agents price guide - Price Per Square Meter: $9,674

House - Beds: 3 - Bath: 2 - Parking: 3 - Land size: 212m2

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

Bidders: 3 - Bids: 11 - Last Sold: 15 Apr 1992 for $175,100

47 Bedford Street, Newtown - PASSED IN $1,455,000

11.92% Over agents price guide - Price Per Square Meter: $12,763

House - Beds: 3 - Bath: 1 - Parking: 0 - Land size: 114m2

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

Bidders: 3 - Bids: 13 - Last Sold: 16 Apr 2018 for $1,262,0000

4205/88-98 King Street, Randwick - Sold Post-Auction $1,010,000

% Over agents price guide - Price Per Square Meter: $12,784

Unit - Beds: 1 - Bath: 1 - Parking: 1 - Unit size: 79m2

Price Guide: $? - Opening bid: $945,000

Bidders: 2 - Bids: 7 - Last Sold: 10 Aug 2021 for $1,010,000

4/70 St Marks Road, Randwick - Purchased Pre-Auction $870,000

17.56% Over agents price guide - Price Per Square Meter: $12,428

Unit - Beds: 1 - Bath: 1 - Parking: 0 - Unit size: 70m2

Price Guide: $740,000 - Opening bid: $#

Bidders: # - Bids: # - Last Sold: 6 Jul 2005 for $365,000

28 Girilang Avenue, Vaucluse - SOLD $8,175,000

% Over agents price guide - Price Per Square Meter: $11,728

House - Beds: 4 - Bath: 3 - Parking: 3 - Land size: 697m2

Price Guide: $? - Opening bid: $7,500,000

Bidders: 3 - Bids: 17 - Last Sold: 7 Oct 2009 for $3,370,000

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Auction Results Sydney 4 September 2021

Auction Results Sydney 4 September 2021

Auction Results Sydney 4 September 2021

Auction Results Sydney

Comment: Auction Results Sydney

Sydney dwelling values were up 20.9 per cent over the year and 1.8 per cent over the month or about $20,000 over August. Apartment price rises were not as extreme at 9.4 per cent for the year.

Over the past three months, the number of home sales has been 30 per cent above average, while the number of listings is 29 per cent below average. Potential sellers have decided to wait until later in spring to list their homes, fearful they won’t be able to achieve a strong price, except the opposite has occurred, pushing prices up.

Many homeowners who would otherwise have put their homes for sale decided to hold off listing, but buyers, spurred by low interest rates, remained active. After the easing of restrictions, there will be more properties to choose from, but don’t expect prices to fall…

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 4 September 2021

CLEARANCE RATE: 71.42% - SOLD: 5 - PASSED IN: 2 - AUCTIONS: 7

11/244 Campbell Parade, Bondi Beach - PASSED IN NO BIDS

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

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

Price Guide: $1,300,000 - Opening bid: $1,300,000 (Vendors bid)

Bidders: 0 - Bids: 0 - Last Sold: 30 Sep 2015 for $675,000

29 Sturt Street, Darlinghurst - PASSED IN $1,675,000

1.5% Over agents price guide - Price Per Square Meter: $27,016

Terrace - Beds: 2 - Bath: 1 - Parking: 0 - Land size: 62m2

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

Bidders: 2 - Bids: 3 - Last Sold: 6 Dec 2011 for $475,000

15 National Street, Leichhardt - SOLD $2,925,000

% Over agents price guide - Price Per Square Meter: $10,299

House - Beds: 4 - Bath: 3 - Parking: 1 - Land size: 284m2

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

Bidders: 7 - Bids:49 - Last Sold: 3 May 1997 for $334,000

1180 Forest Road, Lugarno - SOLD $1,416,000

28.72% Over agents price guide - Price Per Square Meter: $2,309

House - Beds: 2 - Bath: 1 - Parking: 1 - Land size: 613m2

Price Guide: $1,100,000 - Opening bid: $1,275,000

Bidders: 6 - Bids: Circa 25 - Last Sold: Not available

20 Rawson Avenue, Queens Park - SOLD $5,160,000

% Over agents price guide - Price Per Square Meter: $16,973

House - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 304m2

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

Bidders: 5 - Bids: 28 - Last Sold: 23 Oct 2010 for $2,400,000

5/43A St Marks Road, Randwick - SOLD $1,810,000

% Over agents price guide - Price Per Square Meter: $10,462

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 173m2

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

Bidders: 2 - Bids: 14 - Last Sold: 15 May 1985 for $142,0000

8/50 Bayswater Road, Rushcutters Bay - SOLD $1,150,000

21.05% Over agents price guide - Price Per Square Meter: $21,296

Unit - Beds: 1 - Bath: 1 - Parking: 0 - Unit size: 54m2

Price Guide: $950,000 - Opening bid: $900,000

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

Auction Results Sydney

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