Auction Results Sydney 19 February 2022

Auction Results Sydney

Comment: Auction Results Sydney

With talk of an interest rate rise this year, it is more important than ever to be properly advised when buying real estate. Not all properties increase in value, even in a booming market where house prices were up around 25% for the year and 55% in less than three years, the largest increase in 40 years.

A more sustainable increase of 5-8% is predicted this year for the Sydney real estate market, due to the higher mortgage rates predicted by the end of the year.

In 2021 there were 24 suburbs where home values declined. The majority of these suburbs were around the Parramatta and Canterbury-Bankstown regions.  These areas were popular with newly arrived migrants before the Government closed borders halting migration. Coupled with an oversupply of units, rents dropped and investors found more suitable investments.

Unit prices in Punchbowl where down 19% ($100,000) and Kogarah where down 14% ($113,000)

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 Waverley, Paddington, Newtown, Darling Point, St Marys and Mosman.

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 19 February 2022

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

57B Balfour Road, Bellevue Hill - SOLD $5,675,000

?% Over agents price guide - Price Per Square Meter: $17,515

House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 324m2

Price Guide: $? - Opening bid: $?

Bidders: 2 - Bids: 10 - Last Sold: 23 Nov 2020 for $4,405,000

4/46 New Beach Road, Darling Point - SOLD $1,888,000

30.20% Over agents price guide - Price Per Square Meter: $26,591

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

Price Guide: $1,450,000 - Opening bid: $1,500,000

Bidders: 5 - Bids: 53 - Last Sold: 23 Aug 2016 for $1,295,000

2 Muscios Road, Glenorie - SOLD $3,222,000

% Over agents price guide - Price Per Square Meter: $92

House - Beds: 3 - Bath: 1 - Parking: 2 - Land size: 34,762m2

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

Bidders: 9 - Bids: 168 - Last Sold: First time offered in 55 years

250 Kilaben Road, Kilaben Bay - SOLD $4,200,000

% Over agents price guide - Price Per Square Meter: $2,853

House - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 1472m2

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

Bidders: 4 - Bids: 17 - Last Sold: First time offered in 50 years

11 Hargrave Lane, Paddington - SOLD $1,605,000

45.90% Over agents price guide - Price Per Square Meter: $36,477

House - Beds: 1 - Bath: 1 - Parking: 0 - Land size: 44m2

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

Bidders: 7 - Bids: 82 - Last Sold: 10 Oct 2008 for $675,000

8 Dolphin Street, Randwick - SOLD $4,211,000

% Over agents price guide - Price Per Square Meter: $11,319

House - Beds: 4 - Bath: 3 - Parking: 3 - Land size: 372m2

Price Guide: $? - Opening bid: $3,800,000

Bidders: 4 - Bids: 13 - Last Sold: 21 Dec 1983 for $115,000

4/1A Wyuna Road, Point Piper - SOLD $4,320,000

?% Over agents price guide - Price Per Square Meter: $27,000

Unit - Beds: 3 - Bath: 2 - Parking: 2 - Unit size: 160m2

Price Guide: $? - Opening bid: $3,650,000

Bidders: 4 - Bids: 17 - Last Sold: Not available

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