Auction Results Sydney 9 July 2022

Auction Results Sydney

Comment: Auction Results Sydney

Australia’s unemployment rate below 4 per cent is a key factor in supporting property prices, combined with substantial equity property owners have gained over the last 3 years, is keeping distressed property listings off the market, and alleviating significant falls. Households have stockpiled more than $250 billion in savings.

Rents are still rising quickly offsetting interest rate rises for investors. The national rental vacancy rate is at its lowest point on record for the fourth consecutive month at 1 per cent and Sydney at a record low of 1.4 per cent.

Reserve Bank governor Philip Lowe has argued that the economy is “fundamentally sound” and played down the risk of recession, and many economists instead expect we will probably have a “soft landing”.

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

Paddington – Price guide: $630,000. 1 bed, 1 bath, 41sqm

Matraville – Price guide: $3m. Duplex. 4 beds, 3 baths, 2 carspaces, pool. Land: 290 sqm

Randwick – Price guide: $3.6m. 5 beds, 2 baths, Land: 262sqm

Wahroonga – Price guide $3m. 4/5 beds, 2.5 baths, 2 car. Spacious family home

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 9 July 2022

CLEARANCE RATE: 80% - SOLD: 4 - PASSED IN: 1 - AUCTIONS: 5

27/2 Pearson Street, Balmain East - SOLD $1,310,000

37.89% Over agents price guide - Price Per Square Meter: $23,392

Unit - Beds: 1 - Bath: 1 - Parking: 1 - Unit size: 56m2

Price Guide: $950,000 - Opening bid: $1,150,000

Bidders: 3 - Bids: 24 - Last Sold: 18 May 2001 for $367,0000

6 Palmer Lane Darlinghurst - PASSED IN NO BIDS

% Over agents price guide - Price Per Square Meter: $28,070

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 57m2

Price Guide: $1,600,000 - Opening bid: $No bids

Bidders: 0 - Bids: 0 - Last Sold: 19 Dec 2011 for $740,000

42/66 Darling Point Road, Darling Point - SOLD $1,410,000

12.8% Over agents price guide - Price Per Square Meter: $20,142

Unit - Beds: 1 - Bath: 1 - Parking: 1 - Unit size: 70m2

Price Guide: $1,250,000 - Opening bid: $1,200,000 (Vendors bid)

Bidders: 3 - Bids: 63 - Last Sold: 1 Oct 2021 for $1,280,000

222 Bronte Road, Waverley - SOLD $1,930,000

% Over agents price guide - Price Per Square Meter: $8,733

Commercial/Offices - Land size: 221 - Parking: 1 - Floor area: 80m2

Price Guide: $2,000,000 - Opening bid: $1,850,000

Bidders: 1 - Bids: 4 - Last Sold: 7 May 2008 for $740,000

18/143 Jersey Road, Woollahra - SOLD $740,500

5.78% Over agents price guide - Price Per Square Meter: $12,139

Unit - Beds: 1 - Bath: 1 - Parking: 0 - Unit size: 61m2

Price Guide: $700,000 - Opening bid: $700,000 (Vendors bid)

Bidders: 2 - Bids: 21 - Last Sold: Not available

Auction Results Sydney

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