Auction Results Sydney 31 October 2020

The  auction clearance rate last week was 80.4 per cent – indicative of a hot market,  as plummeting stock levels ramped up competition for sales.

We are encountering 4 to 5 active bidders at most auction, with FOMO creeping back into the Sydney house market.

Sydney’s median house prices increased about $13,300, or 1.2 per cent, to $1,154,406 over the September quarter  

Houses on the lower north shore, with the median increasing by $130,000, or 5.2 per cent, to $2.63 million. Annually, prices have risen 12.5 per cent.  

House prices in the inner city and eastern suburbs climbed $120,000 in the space of three months to a record median of $2.55 million – annually they are up a whopping 14.1 per cent.  

The same can not be said about the apartment market, down 5 per cent in the City and East.

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, Kensington, Bowral, Maroubra, Tempe and Neutral Bay.

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