Auction Results Sydney 30 April 2022

Auction Results Sydney 30 April 2022

Auction Results Sydney 30 April 2022

Auction Results Sydney

Comment: Auction Results Sydney

Apartment Prices Fall: Sydney unit prices dipped 1.2 per cent to a median of $796,524 in the March quarter, the latest Domain House Price Report shows, while house prices rose 0.2 per cent to a median of almost $1,591,000 — the weakest performance for both since the June quarter of 2020.

Buyers now have more choice with the number of homes hitting the market reaching its highest level for the March quarter since 2014 and 15 per cent above the five-year average. Sellers have realised the market has peaked and are trying to capitalise before interest rates rise, which economists expect the first hike as early as May or June.

A survey commissioned by Money.com.au found that 80 per cent of respondents had a savings buffer in place to cope with an increase in monthly loan repayments.

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 West Pennant Hills, Waverley, Paddington, Newtown, Darling Point 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 30 April 2022

CLEARANCE RATE: 50% - SOLD: 3 - PASSED IN: 3 - AUCTIONS: 6

1/54 New Beach Road, Darling Point - PASSED IN $15,000,000 (Vendors bid)

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

Unit - Beds: 3 - Bath: 3 - Parking: 3 - Unit size: ?m2

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

Bidders: 0 - Bids: 1 - Last Sold: 24 Dec 2001 for $3,250,000

16 Angel Street, Newtown - SOLD $2,950,000

28.26% Over agents price guide - Price Per Square Meter: $21,376

Terrace - Beds: 3 - Bath: 2 - Parking: 1 - Land size: 138m2

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

Bidders: # - Bids: # - Last Sold: 1 Apr 1996 for $315,000

5/95-99 Wentworth Road, Strathfield - SOLD $831,000

18.71% Over agents price guide - Price Per Square Meter: $9,662

Unit - Beds: 2 - Bath: 2 - Parking: 2 - Unit size: 86m2

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

Bidders: 4 - Bids: 66 - Last Sold: 6 Sep 1991 for $265,000

12/5 Cleveland Avenue, Surry Hills - SOLD $781,000

24.95% Over agents price guide - Price Per Square Meter: $15,019

Unit - Beds: 1 - Bath: 1 - Parking: 0 - Unit size: 52m2

Price Guide: $625,000 - Opening bid: $650,000

Bidders: 7 - Bids: 39 - Last Sold: 18 Apr 2002 for $328,000

2605/148 Elizabeth Street, Sydney - PASSED IN $1,050,000 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $8,823

Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 119m2

Price Guide: $1,000,000 - Opening bid: $1,050,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 7 Feb 1994 for $443,625

181 Hopetoun Avenue, Vaucluse - PASSED IN $3,500,000 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $21,875

Semi - Beds: 4 - Bath: 3 - Parking: 1 - Land size: 160m2

Price Guide: $3,300,000 - Opening bid: $3,500,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 24 Feb 2018 for $2,310,000

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Auction Results Sydney 23 April 2022

Buyers Agent Sydney

Auction Results Sydney 23 April 2022

Auction Results Sydney

Comment: Auction Results Sydney

The property boom closed with a bang in the Northern Beaches and Eastern Suburbs. Bellevue Hill in the Eastern Suburbs had a staggering $650,000 increase in its median house price from $6.7m to $7.35m and Bronte’s median house price swelled $620,000 from $4.43m to $5.05m. Collaroy on the Northern Beaches was close behind with a $645,000 increase from $2.735m to $3.38m and Manly having the highest annual growth rate after the median house price soared 51 per cent to almost $4.5m.

National residential construction costs increased 9% over the 12 months to March 2022 and up more than 25% over the past five years according to CoreLogic. Construction cost will add a further uncertainty to new building projects and renovations as well as inflationary pressures to the economy. A shortage of key materials such as structural timbers and metal products along with higher fuel costs, and labour shortages, is likely to keep upwards pressure on building costs for some time yet.

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 West Pennant Hills, Waverley, Paddington, Newtown, Darling Point 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 23 April 2022

CLEARANCE RATE: 66.66% - SOLD: 4 - PASSED IN: 2 - AUCTIONS: 6

G03/79 Gould Street, Bondi Beach - SOLD $1,800,000

20% Over agents price guide - Price Per Square Meter: $24,000

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 75m2

Price Guide: $1,500,000 - Opening bid: $1,500,000 ( Vendors bid)

Bidders: 3 - Bids: Circa 15 - Last Sold: 21 Feb 2001 for $96,250

7 Trafalgar Parade, Concord - SOLD $2,951,000

18.04% Over agents price guide - Price Per Square Meter: $5,079

House - Beds: 3 - Bath: 2 - Parking: 2 - Land size: 581m2

Price Guide: $2,500,000 - Opening bid: $2,300,000

Bidders: 6 - Bids: 142 - Last Sold: Not available

8/35-37 Rangers Road, Cremorne - PASSED IN NO BIDS

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

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 94m2

Price Guide: $1,300,000 - Opening bid: No Bids

Bidders: 0 - Bids: 0 - Last Sold: 21 Nov 2018 for $900,000

2/136 Hastings Parade, North Bondi - SOLD $1,575,000

% Over agents price guide - Price Per Square Meter: $21,575

Unit - Beds: 2 - Bath: 1 - Parking: 2 - Unit size: 73m2

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

Bidders: 4 - Bids: 15 - Last Sold: Not available

13/197 Walker Street, North Sydney - PASSED IN $2,000,000 9 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $17,857

Unit - Beds: 3 - Bath: 2 - Parking: 1 - Unit size: 112m2

Price Guide: $? - Opening bid: $2,000,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 29 Jan 2015 for $1,350,000

4 Governor Phillip Place, West Pennant Hills - SOLD $6,035,000

% Over agents price guide - Price Per Square Meter: $2,706

House - Beds: 7 - Bath: 4 - Parking: 7 - Land size: 2,230m2

Price Guide: $ - Opening bid: $

Bidders: # - Bids: # - Last Sold: 24 Fed 1997 for $350,000

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Auction Results Sydney 16 April 2022

Auction Results Sydney 16 April 2022

Auction Results Sydney 16 April 2022

Auction Results Sydney

Comment: Auction Results Sydney

Rate Rise: Housing prices could drop by about 15 per cent over two years if interest rates rise by 2 per cent according to the Central Bank. The cash rate is tipped to start rising by June. The previous downturn where Sydney values fell 15 per cent from 2017 to 2019 came when the bank regulator made it harder to get loans for investors or interest-only borrowers.

Dr Nicola Powell said prices in Sydney would ease more than those in Melbourne given the extraordinary leap in prices in the harbour city over the past two years. The median house price in Sydney jumped by 33.1 per cent in 2021 to $1,601,467. By comparison, Melbourne’s rose 18.6 per cent to $1,101,612.

With the federal election on the 22nd May and fears of an imminent interest rate rise have combined to put Sydney’s housing market on ice, with buying and selling activity expected to drop over the next 6 weeks.

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, Hurstville Grove, Gymea Bay 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 16 April 2022

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

1/47 New Beach Road, Darling Point - SOLD $10,850,000

3.33% Over agents price guide - Price Per Square Meter: $21,743

Unit - Beds: 3 - Bath: 3 - Parking: 2 - Unit size: 499m2

Price Guide: $10,500,000 - Opening bid: $10,000,000

Bidders: 2 - Bids: 12 - Last Sold: 4 Nov 2020 for $8,450,000

3 High Street, Edgecliff - PASSED IN $5,100,000 (Vendors bid)

2% Over agents price guide - Price Per Square Meter: $21,610

House - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 236m2

Price Guide: $5,000,000 - Opening bid: $4,700,000

Bidders: 2 - Bids: 4 - Last Sold: 1 Jan 2015 for $2,600,000

4/21 The Avenue, Rose Bay - SOLD $1,400,000

% Over agents price guide - Price Per Square Meter: $14,000

Unit - Beds: 2 - Bath: 1 - Parking: 2 - Unit size: 100m2

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

Bidders: 3 - Bids: 7 - Last Sold: 8 Apr 2017 for $1,100,000

11 Vista Street, Sans Souci - SOLD $6,840,000

5.2% Over agents price guide - Price Per Square Meter: $11,381

House - Beds: 6 - Bath: 3 - Parking: 2 - Land size: 601m2

Price Guide: $6,500,000 - Opening bid: $6,500,000

Bidders: 2 - Bids: 4 - Last Sold: 28 Aug 2003 for $3,007,000

701/281 Elizabeth Street, Sydney - SOLD $1,750,000

2.94% Over agents price guide - Price Per Square Meter: $17,500

Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 100m2

Price Guide: $1,700,000 - Opening bid: $1,650,000

Bidders: 1 - Bids: 4 - Last Sold: 25 Sep 1997 for $660,000

20/16-18 Rosemont Avenue, Woollahra - SOLD $2,625,000

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

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

Price Guide: $2,500,000 - Opening bid: $2,450,000

Bidders: 1 - Bids: 4 - Last Sold: Not available

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Auction Results Sydney 9 April 2022

Auction Results Sydney 9 April 2022

Auction Results Sydney 9 April 2022

Auction Results Sydney

Comment: Auction Results Sydney

Sydney home values have started to edge lower before any change to interest rates, as buyers reach the limits of what they can afford, banks reduce how much they will lend, and more homes are listed for sale. Commonwealth Bank head of Australian economics Gareth Aird said the pricey major capitals have likely peaked, and values dropped due to buyers’ already stretched budgets.

Surry Hills, Newtown and Zetland were among a string of inner suburbs where median house values fell more than 5 per cent last quarter, CoreLogic data shows. House values fell in more than two dozen suburbs in both the city and inner south region, and on the Northern Beaches, which also recorded some of the steepest unit price falls. Apartment values in Curl Curl, Freshwater, Forestville and Queenscliff declined more than 4 per cent.

Prestige Properties: The market for homes priced above $10m is stronger than at the end of 2021 and with limited stock, prices are tipped to keep rising for prestige 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 Waverley, Paddington, Newtown, Darling Point, Hurstville Grove, Gymea Bay 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 9 April 2022

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

17 Latimer Road, Bellevue Hill - SOLD $12,950,000

7.91% Over agents price guide - Price Per Square Meter: $18,606

House - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 696m2

Price Guide: $12,000,000 - Opening bid: $?

Bidders: ? - Bids: ? - Last Sold: 18 Mar 1983 for 295,000

102 Burton Street, Darlinghurst - PASSED IN $10,700,000

7% Over agents price guide - Price Per Square Meter: $9,469

Block of Units - Beds: 14 - Bath: 7 - Parking: 0 - Land size: 1,130m2

Price Guide: $10,000,000 - Opening bid: $10,500,000

Bidders: 1 - Bids: 2 - Last Sold: 22 Mar 2007 for $5,100,000

31 Alan Avenue, Hornsby - PASSED IN NO BIDS

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

House - Beds: 4 - Bath: 1 - Parking: 1 - Land size: 759m2

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

Bidders: 0 - Bids: 0 - Last Sold: 2 Aug 2011 for $636,000

29 Murray Street, Lane Cove - SOLD $3,430,000

% Over agents price guide - Price Per Square Meter: $5,853

House - Beds: 5 - Bath: 2 - Parking: 2 - Land size: 586m2

Price Guide: $? - Opening bid: $2,900,000

Bidders: 3 - Bids: 38 - Last Sold: First time offered

7 Arthur Street, Leichhardt - SOLD $2,655,000

?% Over agents price guide - Price Per Square Meter: $6,571

House - Beds: 3 - Bath: 1 - Parking: 2 - Land size: 404m2

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

Bidders: 2 - Bids: 8 - Last Sold: First time offered

5/52 Warners Avenue, North Bondi - SOLD $1,966,000

15.64% Over agents price guide - Price Per Square Meter: $11,987

Unit - Beds: 2 - Bath: 2 - Parking: 2 - Unit size: 164m2

Price Guide: $1,700,000 - Opening bid: $1,600,000

Bidders: 6 - Bids: 61 - Last Sold: 16 Apr 2002 for $675,000

11/342 Edgecliff Road, Woollahra - SOLD $1,324,000

20.36% Over agents price guide - Price Per Square Meter: $16,550

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 80m2

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

Bidders: 6 - Bids: 47 - Last Sold: 11 Apr 2001 for $450,000

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Auction Results Sydney 2 April 2022

Auction Results Sydney 2 April 2022

Auction Results Sydney 2 April 2022

Auction Results Sydney

Comment: Auction Results Sydney

Negative Gearing:  The Government and the Opposition have now “promised to the Australian people and investors on the advice of REIA that negative gearing will continue to be supported”. This provides investors with the confidence to continue investing in the pre-Election period.

Home values in Sydney fell 0.2 per cent in March, taking home price growth over the quarter to 0.3 per cent. The time it takes to sell a house in Sydney is on the rise, taking an average of 30 days, while apartments are selling 10 days faster than a year earlier, CoreLogic data shows. This is attributed to buyer demand being deflected into apartments, due to rising investor activity and affordability constraints.

Good news for First Home Buyers:  The Morrison Government Home Guarantee Scheme has expanded to 50,000 places a year for the next three years, allowing first-home buyers, single parents and regional Australians to get into the property market with a deposit as little as between 2 and 5 per cent.

Australia’s two most populous capitals have started to soften. Domain chief of research and economics Nicola Powell said Sydney had the biggest fall in views per property listing, down 31 per cent in March compared to a year earlier.

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, Hurstville Grove, Gymea Bay 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 2 April 2022

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

9/270-272 Bondi Road, Bondi - SOLD $1,980,000

% Over agents price guide - Price Per Square Meter: $12,000

Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 165m2

Price Guide: $2,000,000 - Opening bid: $1,950,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 13 Jun 2002 for $1,137,000

15/7-11 Henderson Street, Bondi - SOLD $2,100,000

5% Over agents price guide - Price Per Square Meter: $16,535

Townhouse - Beds: 2 - Bath: 2 - Parking: 1 - Land size: 127m2

Price Guide: $2,000,000 - Opening bid: $1,800,000

Bidders: 2 - Bids: 4 - Last Sold: 31 Jan 2020 for $1,700,000

12 Bronte Marine Drive, Bronte - SOLD $17,700,000

1.14% Over agents price guide - Price Per Square Meter: $41,943

House - Beds: 4 - Bath: 4 - Parking: 3 - Land size: 422m2

Price Guide: $17,500,000 - Opening bid: $14,000,000

Bidders: 2 - Bids:Circa 10 - Last Sold: 23 Oct 2018 for $11,200,000

21/78 Wolseley Rd, Point Piper - PASSED IN $3,150,000

5% Over agents price guide - Price Per Square Meter: $36,627

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 86m2

Price Guide: $3,000,000 - Opening bid: $3,150,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 13 Jun 2002 for $1,137,000

5/16 Silver Street, Randwick - SOLD $768,000

% Over agents price guide - Price Per Square Meter: $13,016

Unit - Beds: 1 - Bath: 1 - Parking: 1 - Unit size: 59m2

Price Guide: $? - Opening bid: $675,000

Bidders: 2 - Bids: 24 - Last Sold: 13 Jun 2002 for $1,137,000

22 Bourke Street, Woolloomooloo - SOLD $1,707,000

6.68% Over agents price guide - Price Per Square Meter: $29,947

Terrace - Beds: 3 - Bath: 1 - Parking: 0 - Land size: 57m2

Price Guide: $1,600,000 - Opening bid: $1,600,000 (Vendors bid)

Bidders: 2 - Bids: 15 - Last Sold: 11 Aug 2016 for $1,285,00

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