Auction Results Sydney 30 October 2021

Auction Results Sydney 30 October 2021

Auction Results Sydney 30 October 2021

Auction Results Sydney

Comment: Auction Results Sydney

Housing affordability across Sydney has collapsed, with the average household spending more than 45 per cent of it servicing their new mortgage according to an analysis by Moody’s Investors Service. Moody’s expects dwelling prices, which have climbed in Sydney by 1.3 per cent so far this October to continue increasing albeit at a slower pace.

The median house in Sydney is almost $1.5 million, and for that budget you’re not anywhere near the CBD…And Westpac expects property prices to rise 8 per cent during 2022 and finish the year flat, senior economist Matthew Hassan said.

Demand for fully renovated homes has been on the rise in recent months, with Sydney buyers prepared to pay a premium, due to the higher costs of engaging builders and the significant time and stress involved in renovating. More & More buyers are looking for ‘Turnkey’ properties.

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 proper

Auction Results Sydney 30 October 2021

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

1507/83-85 Spring Street, Bondi Junction - SOLD $1,815,000

13.43% Over agents price guide - Price Per Square Meter: $?

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

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

Bidders: 3 - Bids: 15 - Last Sold: Not available

1,2&3/3 Yarranabbe Road, Darling Point- PASSED IN $15,000,000 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $33,407

House - Beds: 7 - Bath: 6 - Parking: 0 - Land size: 449m2

Price Guide: $15,000,000 - Opening bid: $15,000,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: Not available

5 Cuthbert Street, Queens Park- SOLD $4,237,000

5.92% Over agents price guide - Price Per Square Meter: $15,087

House - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 281m2

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

Bidders: 2 - Bids: 14 - Last Sold: 8 Dec 1988 for $335,000

18 Wahroonga Avenue, Wahroonga- SOLD $5,637,000

24.52% Over agents price guide - Price Per Square Meter: $4,624

House - Beds: 5 - Bath: 4 - Parking: 3 - Land size: 1219m2

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

Bidders: 3 - Bids: Circa 25 - Last Sold: 20 Oct 1997 for $540,000

10/344 Edgecliff Road, Woollahra - SOLD $1,290,000

12.17% Over agents price guide - Price Per Square Meter: $16,538

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 78m2

Price Guide: $1,150,000 - Opening bid: $1,150,000

Bidders: 3 - Bids: 15 - Last Sold: 7 Feb 2015 for $825,0000

1 Tara Street, Woollahra- SOLD $5,300,000

32.5% Over agents price guide - Price Per Square Meter: $21,457

House - Beds: 3 - Bath: 2 - Parking: 2 - Land size: 247m2

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

Bidders: 5 - Bids: 24 - Last Sold: 15 Feb 1985 for $285,000

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Auction Results Sydney 23 October 2021

Auction Results Sydney 23 October 2021

Auction Results Sydney 23 October 2021

Auction Results Sydney

Comment: Auction Results Sydney

The Sydney Real Estate market is officially out of control. Queues of 40-50 people to inspect units on the Lower North Shore that aren’t liveable and houses around Penrith selling immediately after the first open for inspections.

Sydney property prices are overvalued, but there’s little relief in sight for homebuyers as property prices are likely to keep rising unless interest rates go up according to a report from investment bank UBS.

NAB slightly revised up its dwelling price growth forecasts for Sydney to 27.5 per cent for 2021. AMP Capital chief economist Shane Oliver said he did not expect prices to continue to rise at the same boom-time pace and expected a modest price rise of 7 per cent during 2022.

The number of properties failing to sell at auction has risen in Sydney between August & September by 1.9 percentage points from 6.9 per cent to 8.8 per cent, with a sign vendors are getting greedy. “If a property is not selling when there’s lots of competition at auction then it has been priced too high,” said Ray White NSW chief auctioneer Alex Pattaro.

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 proper

Auction Results Sydney 23 October 2021

CLEARANCE RATE: 87.5% - SOLD: 7 - PASSED IN: 1 - AUCTIONS: 8

4/7 Bellevue Park Road, Bellevue Hill - SOLD $891,000

% Over agents price guide - Price Per Square Meter: $14,850

Unit - Beds: 1 - Bath: 1 - Parking: 0 - Unit size: 60m2

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

Bidders: 5 - Bids: 25 - Last Sold: 3 Mar 2000 for $270,000

7 Bunyula Road, Bellevue Hill - SOLD $9,200,000

31.42% Over agents price guide - Price Per Square Meter: $13,237

House - Beds: 5 - Bath: 4 - Parking: 2 - Land size: 695m2

Price Guide: $7,000,000 - Opening bid: $6,000,000

Bidders: 3 - Bids: 17 - Last Sold: Not available

2/9 Beach Road, Bondi Beach - PASSED IN $1,025,000 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $20,098

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 51m2

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

Bidders: 2 - Bids: 5 - Last Sold: 4 Jun 1993 for $136,000

6/63 Curlewis Street, Bondi Beach - SOLD $1,250,000

% Over agents price guide - Price Per Square Meter: $20,833

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 60m2

Price Guide: $? - Opening bid: $1,050,000

Bidders: 4 - Bids: 8 - Last Sold: 23 Nov 1993 for $220,000

1/13 Botany St, Bondi Junction - SOLD $1,320,000

% Over agents price guide - Price Per Square Meter: $24,000

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 55m2

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

Bidders: 3 - Bids: 12 - Last Sold: 24 Jun 2016 for $1,049,000

10/8 Marathon Road, Darling Point - SOLD $5,500,000

% Over agents price guide - Price Per Square Meter: $26,190

Unit - Beds: 3 - Bath: 2 - Parking: 2 - Unit size: 210m2

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

Bidders: 1 - Bids: 2 - Last Sold: Not available

15 Carlotta Road, Double Bay - SOLD $11,500,000

27.77% Over agents price guide - Price Per Square Meter: $13,755

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 836m2

Price Guide: $9,000,000 - Opening bid: $9,500,000

Bidders: 6 - Bids: Circa 20 - Last Sold: Not available

1A Hume Avenue, Ermington - SOLD $1,780,000

18.66% Over agents price guide - Price Per Square Meter: $5,042

House - Beds: 4 - Bath: 3 - Parking: 3 - Land size: 353m2

Price Guide: $1,500,000 - Opening bid: $1,510,000

Bidders: 4 - Bids: Circa 25 - Last Sold: Not available

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Auction Results Sydney 16 October 2021

Auction Results Sydney 16 October 2021

Auction Results Sydney 16 October 2021

Auction Results Sydney

Comment: Auction Results Sydney

The bank expects property prices to climb 22 per cent this year, up from a forecast of 18 per cent, and has also lifted its outlook for next year from 5 to 8 per cent.

APRA told banks this week that they needed to lift the “servicing floor” interest rate that they use to assess borrowers.

APRA has now lifted that servicing floor rate to 3 per cent. Banks will need to test home buyers at 5.5 per cent and investors at 6.5 per cent.

APRA pointed out they had plenty of options. And they deliberately chose an option that would have a bigger impact on investors over homebuyers. Investors have been targeted.

The maximum you’ll be able to borrow has dropped by about 5 per cent and we have noticed several properties been past in this week with no bids that otherwise would have sold at record prices. It appears the tide has turned in favour of the buyers…

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 proper

Auction Results Sydney 16 October 2021

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

2/80 Birriga Road, Bellevue Hill - SOLD $1,500,000

30.43% Over agents price guide - Price Per Square Meter: $16,304

Unit - Beds: 3 - Bath: 1 - Parking: 1 - Unit size: 92m2

Price Guide: $1,150,000 - Opening bid: $1,305,000

Bidders: 5 - Bids: Circa 20 - Last Sold: 25 Mar 2015 for $1,010,000

31 Edward Street, Bondi Beach - PASSED IN $4,800,000 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $18,390

House - Beds: 6 - Bath: 3 - Parking: 1 - Land size: 261m2

Price Guide: $4,500,000 - Opening bid: $4,800,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 20 Nov 1996 for $450,000

54 Denistone Road, Denistone - SOLD $2,056,000

30.53% Over agents price guide - Price Per Square Meter: $4,748

House - Beds: 3 - Bath: 1 - Parking: 2 - Land size: 443m2

Price Guide: $1,575,000 - Opening bid: $

Bidders: 5 - Bids: Circa 20 - Last Sold: 9 Nov 2012 for $760,000

35/37-39 O'Donnell Street, North Bondi - PASSED IN $1,200,000 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $17,142

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 70m2

Price Guide: $1,200,000 - Opening bid: $1,200,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 22 Jun 1994 for $206,000

1 Llanfoyst Street, Randwick - SOLD $3,530,000

% Over agents price guide - Price Per Square Meter: $9,887

House - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 357m2

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

Bidders: 3 - Bids: 24 - Last Sold: 22 Aug 1996 for $495,000

54 Lilyfield Road, Rozelle - SOLD $2,060,000

24.84% Over agents price guide - Price Per Square Meter: $14,820

House - Beds: 3 - Bath: 1 - Parking: 0 - Land size: 139m2

Price Guide: $1,650,000 - Opening bid: $1,750,000

Bidders: 3 - Bids: 28 - Last Sold: 15 Nov 1996 for $240,000

209 Desborough Road, St Marys - SOLD $838,000

18.02% Over agents price guide - Price Per Square Meter: $1,275

House - Beds: 3 - Bath: 1 - Parking: 1 - Land size: 657m2

Price Guide: $710,000 - Opening bid: $700,000

Bidders: 14 - Bids: 53 - Last Sold: 2 Jul 2016 for $562,000

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Auction Results Sydney 9 October 2021

Auction Results Sydney 9 October 2021

Auction Results Sydney 9 October 2021

Auction Results Sydney

Comment: Auction Results Sydney

Sydney’s median auction house price is now $2 million, up by more than 30 per cent in the space of a year. Australia’s residential housing stock has gained $1 trillion in value in just five months.

APRA this week announced a tightening of bank lending standards due to the surge in house prices.

Banks must test whether new customers could manage their repayments at an interest rate 3 percentage points higher than the actual rate on the loan. Until now, banks have added 2.5 percentage points – known as a “serviceability buffer” – onto the rate of the loan when assessing a customer.

APRA said it believed its actions would reduce new customers’ borrowing capacity by about 5 per cent, reducing the amount of money buyers can pay for properties. Ultimately, handicapping the buyers and reducing the vendors profits.

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 9 October 2021

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

12/86 - 88 Wellington Street, Bondi Beach - SOLD $1,360,000

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

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

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

Bidders: 6 - Bids: 31 - Last Sold: 11 Feb 2005 for $500,000

66 Anzac Avenue, Collaroy - SOLD $4,415,000

% Over agents price guide - Price Per Square Meter: $7,651

House - Beds: 5 - Bath: 3 - Parking: 3 - Land size: 577m2

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

Bidders: 2 - Bids: 15 - Last Sold: First time offered

6/347 Edgecliff Road, Edgecliff - SOLD $1,214,500

10.40% Over agents price guide - Price Per Square Meter: $15,570

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 78m2

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

Bidders: 2 - Bids: 16 - Last Sold: 26 Jun 2014 for $789,000

2D/20-22 Onslow Avenue, Elizabeth Bay - PASSED IN $1,610,000 - Sold Post auction

7.33% Over agents price guide - Price Per Square Meter: $16,947

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 95m2

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

Bidders: 2 - Bids: 4 - Last Sold: 8 Apr 1988 for $200,000

438 Avoca Street, Kingsford - SOLD $2,010,500

11.69% Over agents price guide - Price Per Square Meter: $7,558

House - Beds: 2 - Bath: 1 - Parking: 1 - Land size: 266m2

Price Guide: $1,800,000 - Opening bid: $1,750,000

Bidders: 4 - Bids: 37 - Last Sold: 7 Dec 1998 for $382,000

9 Woomera Road, Little Bay - SOLD $2,746,000

% Over agents price guide - Price Per Square Meter: $4,494

House - Beds: 4 - Bath: 2 - Parking: 3 - Land size: 611m2

Price Guide: $? - Opening bid: $2,300,000

Bidders: 4 - Bids: 25 - Last Sold: 15 May 1997 for $387,000

1/124 Carrington Road, Randwick - SOLD $760,000

8.57% Over agents price guide - Price Per Square Meter: $15,200

Unit - Beds: 1 - Bath: 1 - Parking: 1 - Unit size: 50m2

Price Guide: $700,000 - Opening bid: $690,000

Bidders: 2 - Bids: 8 - Last Sold: 25 Nov 2003 for $250,000

10 Moore St, Roseville - SOLD $3,360,000

% Over agents price guide - Price Per Square Meter: $5,037

House - Beds: 3 - Bath: 2 - Parking: 1 - Land size: 667m2

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

Bidders: 7 - Bids: 58 - Last Sold: First time offered

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Auction Results Sydney 2 October 2021

Auction Results Sydney 2 October 2021

Auction Results Sydney 2 October 2021

Auction Results Sydney

Comment: Auction Results Sydney

The pace of monthly price growth in Sydney continued to slow, with property values rising 1.9 per cent in September. 5.7% for the quarter and 23.6% annually. This is the fastest annual growth in 30 years.

The continued price rises come as financial regulators consider introducing tougher lending standards to curb the growing level of debt. Treasurer Josh Frydenberg has given the green light for them to clamp down on high debt-to-income-ratio loans.

Regulators could introduce a higher serviceability assessment rate – used to assess people’s ability to repay loans if interest rates rise – or limit the proportion of loans that can be issued with a debt-to-income ratio of six or more.

Good news for Property Buyers: The number of homes hitting the market lifted in September – up 15.7 per cent since the recent low point in mid-August.

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 2 October 2021

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

6/62 O'Donnell Street, North Bondi, - SOLD $1,615,000

% Over agents price guide - Price Per Square Meter: $20,705

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 78m2

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

Bidders: 8 - Bids: 92 - Last Sold: 19 Sep 2009 for $552,500

9/13 Springfield Avenue, Potts Point - SOLD $1,450,000

% Over agents price guide - Price Per Square Meter: $17,901

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 81m2

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

Bidders: 2 - Bids: 18 - Last Sold: 28 Feb 2017 for $1,285,000

7/3 Plumer Road, Rose Bay, - SOLD $1,430,500

19.20% Over agents price guide - Price Per Square Meter: $20,435

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 70m2

Price Guide: $1,200,000 - Opening bid: $1,150,000

Bidders: 6 - Bids: 25 - Last Sold: 17 Aug 2005 for $670,000

11 Norman Street, Rozelle - SOLD $2,665,000

21.13% Over agents price guide - Price Per Square Meter: $14.562

House - Beds: 3 - Bath: 2 - Parking: 1 - Land size: 183m2

Price Guide: $2,200,000 - Opening bid: $2,216,000

Bidders: 4 - Bids: 37 - Last Sold: 18 Nov 1998 for $206,0000

29 Smith Street, Ryde - SOLD $2,651,000

10.45% Over agents price guide - Price Per Square Meter: $3,819

House - Beds: 3 - Bath: 1 - Parking: 2 - Land size: 694m2

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

Bidders: 3 - Bids: 26 - Last Sold: 10 Jul 1992 for $228,000

5/7 Wonderland Avenue, Tamarama - SOLD $2,068,500

14.91% Over agents price guide - Price Per Square Meter: $30,419

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 68m2

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

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

5/153 New South Head Road, Vaucluse - SOLD $3,998,500

% Over agents price guide - Price Per Square Meter: $13,600

Unit - Beds: 3 - Bath: 2 - Parking: 3 - Unit size: 294m2

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

Bidders: 6 - Bids: 134 - Last Sold: Not available

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