Auction Results Sydney 14 May 2022

Auction Results Sydney

Comment: Auction Results Sydney

Is it a Buyers Market? Housing prices could fall by up to 10 per cent next year, according to HSBC. Email enquiries to agents via realestate.com.au for houses fell 15.9% and units fell 11.6%, however houses remain the dominant type although the unit share of enquiry continues to increase. The widening difference between the price of houses and the price of units is fuelling unit enquiry.

Properties sold via auction in April attracted 11.9 per cent more than the highest pre-auction offer received, down from the 14.8 per cent peak in August last year according to Ray White Group chief economist Nerida Conisbee. Sydney seems to be slowing down a bit quicker than other states, which isn’t surprising as the market has [higher] debt levels, so an interest rate rise is a lot more concerning, Conisbee said.

Sydney auctioneer Michael Garofolo, of Cooley Auctions, said buyer turnout had pulled back as increased supply gave house hunters more choice in recent months. Vendors have realised if we want to sell we have to meet the market, Garofolo said, adding those who set unrealistic reserve prices were having to adjust them mid-auction to sell.

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.

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

Weekly OFF MARKET OPPORTUNITIES

Bellevue Hill – Unit. For sale: $2.7m. 2 bed, 1 bath. Renovated block of only 6

Bronte – Semi. Guide: $4m. 3 bed, 1 bath, 1 parking. Land size 246sqm approx.

Bondi Junction – Cottage. Guide: $1.850m. 2 bed, 1, bath. Land size 105 sqm

Maroubra – Guide $5m – newly renovated

Bondi Junction – Semi For Sale: $2.5m – 2 bed, 1 bath, 1 car. Land size: 227sqm

Get in touch to learn more about our extensive list of off market properties and how TBAS® Buyers Agents can simplify the buying process.

Auction Results Sydney 14 May 2022

CLEARANCE RATE: 57.14% - SOLD: 4 - PASSED IN: 3 - AUCTIONS: 7

27 Godfrey Road, Artarmon - SOLD $3,750,000

% Over agents price guide - Price Per Square Meter: $4,986

House - Beds: 3 - Bath: 1 - Parking: 2 - Land size: 752m2

Price Guide: $ - Opening bid: $2,600,000

Bidders: 4 - Bids: 27 - Last Sold: First time offered

53 Cove Street, Birchgrove - SOLD $4,205,000

20.14% Over agents price guide - Price Per Square Meter: $19,027

House - Beds: 4 - Bath: 2 - Parking: 0 - Land size: 221m2

Price Guide: $3,500,000 - Opening bid: $3,500,000

Bidders: 2 - Bids: 20 - Last Sold: 21 Fed 2006 for $920,000

60 Kenthurst Road, Dural - PASSED IN $5,500,000 (Vendors bid)

10% Over agents price guide - Price Per Square Meter: $272

House - Beds: 4 - Bath: 3 - Parking: 3 - Land size: 20200m2

Price Guide: $5,000,000 - Opening bid: $4,500,000

Bidders: 3 - Bids: 15 - Last Sold: 3 Apr 2002 for $1,500,000

12a Cowell Street, Gladesville - PASSED IN $3,750,000

% Over agents price guide - Price Per Square Meter: $5,760

House - Beds: 4 - Bath: 3 - Parking: 3 - Land size: 651m2

Price Guide: $ - Opening bid: $3,500,000

Bidders: 3 - Bids: 4 - Last Sold: 11 Mar 2021 for $2,250,000

802/1-7 Gloucester Place, Kensington - Purchased Off Market $1,600,000

% Over agents price guide - Price Per Square Meter: $15,094

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 106m2

Price Guide: $# - Opening bid: $#

Bidders: # - Bids: # - Last Sold: 25 Mar 2011 for $695,500

43 Edmund Street, Lindfield, - SOLD $2,300,000

% Over agents price guide - Price Per Square Meter: $3,276

House - Beds: 2 - Bath: 2 - Parking: 2 - Land size: 702m2

Price Guide: $2,350,000 - Opening bid: $2,100,000

Bidders: 3 - Bids: 8 - Last Sold: Not available

36 Victoria Street, Waverley - PASSED IN $3,125,000 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $17,076

House - Beds: 4 - Bath: 3 - Parking: 0 - Land size: 183m2

Price Guide: $3,100,000 - Opening bid: $3,050,000

Bidders: 1 - Bids: 2 - Last Sold: 16 Jan 2014 for $1,630,000

Auction Results Sydney

Auction Bidding TBAS®

Auction Bidding TBAS®

Auction Bidding TBAS®

Auction Bidding TBAS®

Auction Bidding Service

Articles by TBAS®

Need Help Buying Property?

Subscribe to TBAS® Auction Reports