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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