Auction Results Sydney 16 October 2021

Auction Results Sydney 16 October 2021

Auction Results Sydney 16 October 2021

Auction Results Sydney

Comment: Auction Results Sydney

The bank expects property prices to climb 22 per cent this year, up from a forecast of 18 per cent, and has also lifted its outlook for next year from 5 to 8 per cent.

APRA told banks this week that they needed to lift the “servicing floor” interest rate that they use to assess borrowers.

APRA has now lifted that servicing floor rate to 3 per cent. Banks will need to test home buyers at 5.5 per cent and investors at 6.5 per cent.

APRA pointed out they had plenty of options. And they deliberately chose an option that would have a bigger impact on investors over homebuyers. Investors have been targeted.

The maximum you’ll be able to borrow has dropped by about 5 per cent and we have noticed several properties been past in this week with no bids that otherwise would have sold at record prices. It appears the tide has turned in favour of the buyers…

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We recently achieved outstanding results in Randwick, Paddington, Sandringham, Darling Point, Bellevue Hill, Oatley and Bowral.

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

Auction Results Sydney 16 October 2021

CLEARANCE RATE: 71.42% - SOLD: 5 - PASSED IN: 2 - AUCTIONS: 7

2/80 Birriga Road, Bellevue Hill - SOLD $1,500,000

30.43% Over agents price guide - Price Per Square Meter: $16,304

Unit - Beds: 3 - Bath: 1 - Parking: 1 - Unit size: 92m2

Price Guide: $1,150,000 - Opening bid: $1,305,000

Bidders: 5 - Bids: Circa 20 - Last Sold: 25 Mar 2015 for $1,010,000

31 Edward Street, Bondi Beach - PASSED IN $4,800,000 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $18,390

House - Beds: 6 - Bath: 3 - Parking: 1 - Land size: 261m2

Price Guide: $4,500,000 - Opening bid: $4,800,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 20 Nov 1996 for $450,000

54 Denistone Road, Denistone - SOLD $2,056,000

30.53% Over agents price guide - Price Per Square Meter: $4,748

House - Beds: 3 - Bath: 1 - Parking: 2 - Land size: 443m2

Price Guide: $1,575,000 - Opening bid: $

Bidders: 5 - Bids: Circa 20 - Last Sold: 9 Nov 2012 for $760,000

35/37-39 O'Donnell Street, North Bondi - PASSED IN $1,200,000 (Vendors bid)

% Over agents price guide - Price Per Square Meter: $17,142

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 70m2

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

Bidders: 0 - Bids: 1 - Last Sold: 22 Jun 1994 for $206,000

1 Llanfoyst Street, Randwick - SOLD $3,530,000

% Over agents price guide - Price Per Square Meter: $9,887

House - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 357m2

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

Bidders: 3 - Bids: 24 - Last Sold: 22 Aug 1996 for $495,000

54 Lilyfield Road, Rozelle - SOLD $2,060,000

24.84% Over agents price guide - Price Per Square Meter: $14,820

House - Beds: 3 - Bath: 1 - Parking: 0 - Land size: 139m2

Price Guide: $1,650,000 - Opening bid: $1,750,000

Bidders: 3 - Bids: 28 - Last Sold: 15 Nov 1996 for $240,000

209 Desborough Road, St Marys - SOLD $838,000

18.02% Over agents price guide - Price Per Square Meter: $1,275

House - Beds: 3 - Bath: 1 - Parking: 1 - Land size: 657m2

Price Guide: $710,000 - Opening bid: $700,000

Bidders: 14 - Bids: 53 - Last Sold: 2 Jul 2016 for $562,000

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