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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