Auction Results Sydney 29 May 2021
Auction Results Sydney
Comment: Auction Results Sydney
The country’s apartment prices are likely to kick up a gear in the coming months with experts predicting that property investors—who have cautiously sat on the sidelines—are beginning to move back into the market. Apartment prices edged up 1.2 per cent in April to be up 4.2 per cent during the quarter and seem to be heading in the right direction.
Rental Yield v’s Capital Gain: Sydney has the lowest rental yields in the country, but highest capital gains; Sydney has the highest average annual rate of capital gains during the past decade with house values averaging a 6.6 per cent rise each year and unit values averaging 4.5 per cent per annum. With most investors focused on capital gain rather than rental return, this track record of growth explains the popularity of Sydney among investors.
There were 1,111 homes taken to auction across Sydney this week, compared to 1,150 last week and 309 this time last year, returning a preliminary auction clearance rate of 80.0 per cent.
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, Summer Hill, Avalon Beach and Caringbah South.
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