Auction Results Sydney 8 August 2020
Auction Results Sydney
Comment: Auction Results Sydney
CoreLogic's head of research, Tim Lawless, said housing markets had remained relatively resilient since the advent of the coronavirus pandemic.
"Record low interest rates, government support and loan repayment holidays for distressed borrowers have helped to insulate the housing market from a more significant downturn," he said. Federal and state government support programs, aimed at first time buyers, has cushioned the market.
Sydney house values dropped by 1 per cent in July to be down 2.4 per cent over the quarter. Despite the drop, Sydney values are still up by 13.2 per cent over the past year.
CoreLogic reports new listings are up 46 per cent from the recent lows of early May and With fiscal support set to taper from October, translating to an ideal time to purchase property.
The proportion of rental properties left sitting in Sydney is holding steady. Sydney’s vacancy rate has declined to 3.5 per cent, lower than the peak in April when it hit 4 per cent.
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TBAS® Property News
Realestate.com.au Auction Clearance Rate
NSW:71% | Victoria:81%
Sydney & Melbourne house prices down in July
Luxury residential growth in Australian cities
Rental markets tighten in all capital cities except Melbourne
House Prices, Falling, not crashing
What a lack of stock actually means for home owners
Auction Results Sydney 8 August 2020.
Clearance Rate:50% - Sold:3 - Passed In:3 - Withdrawn:0 - Auctions:6

317 Belmont St Alexandria - PASSED IN $1,400,000 (Vendors bid)
% Over agents price guide
Cottage - Beds: 2 - Bath: 1 - Parking: 0 - Land size: 136m2
Price Guide: $1,400,000 - Opening bid $1,400,000 (Vendors bid)
Bidders: 0 - Bids: 1 - Last Sold: 31 Mar 2000 $400,000
https://www.realestate.com.au/property-house-nsw-alexandria-133977578

18/22 Greenoaks Ave Darlingpoint - SOLD $1,305,000
4.39% Over agents price guide
Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 80m2
Price Guide: $1,250,000 - Opening bid $1,250,000 (Vendors bid)
Bidders: 3 - Bids: 9 - Last Sold: 22 Jul 1995 $370,000
https://www.realestate.com.au/property-apartment-nsw-darling+point-133977126

146 Holmes St Maroubra - SOLD $1,600,000
10.34% Over agents price guide
Semi - Beds: 3 - Bath: 1 - Parking: 2 - Land size: 277m2
Price Guide: $1,450,000 - Opening bid $
Bidders: 4 - Bids: circa 50 - Last Sold: 17 Apr 1975 $34,500
https://www.realestate.com.au/property-house-nsw-maroubra-133990814

8/127 Hastings Parade North Bondi - PASSED IN $1,880,000 (Vendors bid)
% Over agents price guide
Unit - Beds: 3 - Bath: 2 - Parking: 0 - Unit size: ?m2
Price Guide: $1,800,000 - Opening bid $1,880,000 (Vendors bid)
Bidders: 0 - Bids: 1 - Last Sold: 23 Aug 1993 $154,200
https://www.realestate.com.au/property-apartment-nsw-north+bondi-133950594

202/10-14 Cooper St Surry Hills - PASSED IN - No Bids
% Over agents price guide
Unit - Beds: 1 - Bath: 1 - Parking: 0 - Unit size: 80m2
Price Guide: $? - Opening bid: No bids
Bidders: 0 - Bids: 0 - Last Sold: 30 Jun 2017 $1,440,000
https://www.realestate.com.au/property-apartment-nsw-surry+hills-133858010

13 Hannan St Turrella - SOLD $1,180,000
24.21% Over agents price guide
House - Beds: 3 - Bath: 1 - Parking: 1 - Land size: 360m2
Price Guide: $1,000,000 - Opening bid: $900,000
Bidders: 4 - Bids: circa30 - Last Sold: 15 Dec 2001 $398,000
https://www.realestate.com.au/property-house-nsw-turrella-133975766

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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 property.