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

Auction Results Sydney

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