Auction Results Sydney 27 March 2021

Auction Results Sydney 27 March 2021

Auction Results Sydney 27 March 2021

Auction Results Sydney

Comment: Auction Results Sydney

Sydney house prices are expected to jump around 19 per cent in 2021, which would add approximately $230,000 to the median house price, and up to $1,441,671. Also, lifestyle locations (close to the beaches) have recorded even greater price increases with fierce competition playing out to live a healthier life. The only factor that could put a dampener on price rises would be interest rates.

Auction Price Guides: Frustrated Sydney house buyers are struggling to analyse the selling agents price guides, with most buyers now adding at least 20 per cent to a quoted price, up from the legislated 10% buffer for under quoting. From the data TBAS® Buyers Agents collect, properties at auction are selling for a minimum of 10% over the selling agents price guide to a whopping 70%. See recent data from a Coogee auction.  

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 Bellevue Hill, Botany, Bowral, Maroubra, Croydon and Avalon Beach.

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

Auction Results Sydney 27 March 2021

CLEARANCE RATE:100% - SOLD:10 - PASSED IN:0 - AUCTIONS:10

85 Newland Street, Bondi Junction - SOLD $2,100,000

% Over agents price guide

Semi - Beds: 2 - Bath: 1 - Parking: 0 - Land size: 177m2

Price Guide: $? - Opening bid: $1,700,000

Bidders: 3 - Bids: 7 - Last Sold: Not available

5/28 Folkestone Parade, Botany - SOLD $950,000

6.74% Over agents price guide

Unit - Beds: 3 - Bath: 2 - Parking: 2 - Unit size: 123m2

Price Guide: $890,000 - Opening bid: $895,000

Bidders: 1 - Bids: 2 - Last Sold: 8 Feb 2014 for $715,000

7C/337 Bronte Road, Bronte - SOLD $925,000

% Over agents price guide

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

Price Guide: $? - Opening bid: $795,000

Bidders: 3 - Bids: 10 - Last Sold: Not available

8B/13 Thornton Street, Darling Point - SOLD $2,655,000

10.62% Over agents price guide

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 115m2

Price Guide: $2,400,000 - Opening bid: $2,400,000

Bidders: 4 - Bids: 9 - Last Sold: 17 Sep 1999 for $800,000

16 Walker Avenue, Edgecliff - SOLD $3,355,000

15.68% Over agents price guide

House - Beds: 4 - Bath: 2 - Parking: 0 - Land size: 246m2

Price Guide: $2,900,000 - Opening bid: $2,900,000

Bidders: 5 - Bids: 23 - Last Sold: 23 Aug 2018 for $2,600,000

39 Condover Street, North Balgowlah - SOLD Price Withheld

#% Over agents price guide

House - Beds: 5 - Bath: 3 - Parking: 2 - Land size: 664m2

Price Guide: $3,400,000 - Opening bid: $3,200,000

Bidders: 3 - Bids: circa 40 - Last Sold: 22 Mar 2014 for $2,240,000

82 Merrivale Road, Pymble - SOLD $3,750,000

56.25% Over agents price guide

House - Beds: 5 - Bath: 4 - Parking: 2 - Land size: 923m2

Price Guide: $2,400,000 - Opening bid: $2,500,000

Bidders: 4 - Bids: circa 20 - Last Sold: 12 Nov 2011 for $1,400,000

9 Albert Street, Randwick - SOLD $4,000,000

% Over agents price guide

Block of Units - Beds: 10 - Bath: 6 - Parking: 0 - Land size: 373m2

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

Bidders: 3 - Bids: 52 - Last Sold: 14 Jun 2011 for $2,420,000

75 Llewellyn Street, Rhodes - SOLD $6,900,000

38% Over agents price guide

House - Beds: 3 - Bath: 2 - Parking: 3 - Land size: 815m2

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

Bidders: 3 - Bids: 7 - Last Sold: First time offered

9/1-3 Fullerton Street, Woollahra - SOLD $1,525,000

8.92% Over agents price guide

Unit - Beds: 2 - Bath: 1 - Parking: 2 - Unit size: 117m2

Price Guide: $1,400,000 - Opening bid: $1,250,000

Bidders: 3 - Bids: 16 - Last Sold: 10 Sep 2008 for $750,000

Auction Results Sydney

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Purchased 5/28 Folkestone Parade Botany

Buyers Agents Eastern Suburbs

Purchased 5/28 Folkestone Parade Botany

 

Client Brief: Three Bedroom apartment, with 2 bathrooms and double parking in the Eastern Suburbs of Sydney for under $1,000,000. Must be in a small complex.

Result:  With a tight budget to purchase a three bedroom apartment in the Eastern Suburbs, Rodney McLoughlin’s clients had to consider their location carefully if they were to find a suitable property that matched their brief. 

The clients identified a suitable apartment, but unfortunately it was leased and didn’t expire for approximately 6 months.  Rodney McLoughlin from TBAS® Buyers Agents explained to his clients this would eliminate the majority of buyers, therefore reducing the eventual sales price, which appealed to his clients.

The sales agent was very eager to negotiate a price prior to the scheduled auction, that was only several days away. Knowing we wouldn’t have much or any competition at auction, in this scenario it was best to put the vendors under pressure at auction where the negotiations were completely transparent. 

As expected, Rodney McLoughlin’s clients were the only registered bidders at auction, and after putting the auctioneer and vendors under pressure during the auction with 10 minutes of negotiations, Rodney Mcloughlin was able to negotiate a price well below his clients expectations.

 

Price: $950,000

Realestate.com.au: https://www.realestate.com.au/property-apartment-nsw-botany-135590534

 

Need Help Purchasing a Property? 

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*Auction Bidding & Guide Price Analysis

*Off Market Properties

*Negotiations

*Property Searching & Due Diligence

Contact Rodney McLoughlin – Director

TBAS® Buyers Agents

rodney@tbas.live0418 474 304

www.tbas.live