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