Auction Results Sydney 30 May 2020
Auction Results Sydney
Comment: Property Market Crash
Auction Results Sydney
- Real Estate Institute of Australia president Adrian Kelly said forecasts of a crash were “fanciful”.
“We have a situation where listings are decreasing yet the inquiry level from prospective buyers is increasing … I do not believe that this points to a catastrophic outlook for house prices,” he said.
- Researchers predict the property downturn won't last long. Over the past 50 years, house prices were higher five years after a recession or downturn each time. In Sydney, from the start to the end of this decade, median house prices had increased from $530,00 to $972,000 and the average number of transactions have decreased. Now is the ideal time to trade up in Sydney or buy in the Southern Highlands.
- $50k boost on the cards for new property purchasers! The $50,000 grant would only be applicable to purchasers of newly constructed dwellings and is limited to 50,000 purchases.
- First Home Buyers are taking advantage of favourable buying conditions. Record low interests (which will be with us for a long time), reduced competition and lower vendor price expectations.
Using a Buyer's Agent: A Buyer's Agent can act as a 'middleman' at a time when house hunting has become more difficult. A Buyer's Agent can help by providing a shortlist of properties and arrange private viewings.
Auctions have resumed Onsite. If you are planning on bidding , it is important you have a proven auction strategy and get professional advice.
TBAS® Buyers Agents are continuing to inspect, bid at auction Online and Onsite to purchase properties for their clients. For more details contact us.
TBAS® Property News
Realestate.com.au Auction Clearance Rate
NSW: 71% | Victoria: 75%
Early signs of Recovery in Hosing Market, but Risks Remain
Australian Property Market to Recover in 5 years: PIPA
$50k Boost on the cards for new Property Purchasers
First Home Buyers diving into the market despite COVID-19 crisis
Auction Results Sydney 30 May 2020.
Clearance Rate: 66% - Sold:6 - Passed In:3 - Withdrawn:0 - Auctions:9

32 Bundarra Rd Bellevue Hill - SOLD $3,950,000
Below agents price guide
House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 575m2
Price Guide: $4,000,000 - Opening bid: $3,600,000
Bidders: 3 - Bids: 23 - Last Sold: 21 Jul 2017 $4,590,000
https://www.realestate.com.au/property-house-nsw-bellevue+hill-133328694

7/2 Andrews Ave Bondi - SOLD $1,375,000
19.56% Over agents price guide
Unit - Beds: 3 - Bath: 2 - Parking: 1 - Unit size: 129m2
Price Guide: $1,150,000 - Opening bid: $1,100,000
Bidders: 5 - Bids: 50 - Last Sold: 14 Apr 1967 $136,000
https://www.realestate.com.au/property-apartment-nsw-bondi-133539918

47 Eastern Ave Dover Heights - PASSED IN $2,500,000 (Vendors bid)
% Over agents price guide
House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 214m2
Price Guide: $2,500,000 - Opening bid: $2,500,000 (Vendors bid)
Bidders:0 - Bids: 1 - Last Sold: 14 Oct 2017 $2,550,000
https://www.realestate.com.au/property-house-nsw-dover+heights-133229430

33 Cometrowe St Drummoyne - SOLD $3,500,000
16.66% Over agents price guide
House - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 449m2
Price Guide: $3,000,000 - Opening bid: $3,000,000
Bidders: 3 - Bids: 12 - Last Sold: 29 Aug 2003 $1,158,500
https://www.realestate.com.au/property-house-nsw-drummoyne-133526198

9/3 61 Edgecliff Rd Edgecliff - SOLD $1,770,000
% Over agents price guide
Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 130m2
Price Guide: $? - Opening bid: $1,450,000
Bidders: 3 - Bids: 15 - Last Sold: Not available
https://www.realestate.com.au/property-apartment-nsw-edgecliff-133546574

55 Doncaster Ave Kensington - SOLD $2,440,000
% Over agents price guide
House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 318m2
Price Guide: $? - Opening bid: $2,200,000
Bidders: 2 - Bids: 16 - Last Sold: 20 Jun 1995 $390,000
https://www.realestate.com.au/property-house-nsw-kensington-133467862

88 Cecily St Lilyfield - PASSED IN $2,300,000 (Vendors bid)
% Over agents price guide
House - Beds: 4 - Bath: 2 - Parking: 0 - Land size: 158m2
Price Guide: $2,300,000 - Opening bid: $2,300,000 (Vendors bid)
Bidders: 0 - Bids: 1 - Last Sold: 23 Nov 2006 $565,000
https://www.realestate.com.au/property-house-nsw-lilyfield-133537266

2a Marida St Randwick - PASSED IN $2,680,000 (Vendors bid)
% Over agents price guide
House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 315m2
Price Guide: $2,700,000 - Opening bid: $2,630,000
Bidders: 1 - Bids: 2 - Last Sold: 12 Nov 2007 $1,615,000
https://www.realestate.com.au/property-house-nsw-randwick-133507922

4 Frederick St Randwick - SOLD $3,265,000
12.58% Over agents price guide
House - Beds: 6 - Bath: 3 - Parking: 0 - Land size: 483m2
Price Guide: $2,900,000 - Opening bid: $3,000,000
Bidders: 3 - Bids: 9 - Last Sold: 5 Jul 2001 $1,200,000
https://www.realestate.com.au/property-house-nsw-randwick-133554458

Recent Media for TBAS®
Daily Telegraph: The ScoMo Effect: Driving the Housing Bounce
Financial Review - Buyers Starved of Property are Pushing Prices Higher
The Real Estate Conversation - The Rise & Rise of the Buyer's Agent
Need Help Buying Property?
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TBAS® Buyers Agents
rodney@tbas.live – 0418 474 304
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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.