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…

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 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

Auction Results Sydney

Auction Bidding TBAS®

Auction Bidding TBAS®

Auction Bidding TBAS®

Auction Bidding Service

Articles by TBAS®

Need Help Buying Property?

Subscribe to TBAS® Auction Reports

Auction Results Sydney 9 October 2021

Auction Results Sydney 9 October 2021

Auction Results Sydney 9 October 2021

Auction Results Sydney

Comment: Auction Results Sydney

Sydney’s median auction house price is now $2 million, up by more than 30 per cent in the space of a year. Australia’s residential housing stock has gained $1 trillion in value in just five months.

APRA this week announced a tightening of bank lending standards due to the surge in house prices.

Banks must test whether new customers could manage their repayments at an interest rate 3 percentage points higher than the actual rate on the loan. Until now, banks have added 2.5 percentage points – known as a “serviceability buffer” – onto the rate of the loan when assessing a customer.

APRA said it believed its actions would reduce new customers’ borrowing capacity by about 5 per cent, reducing the amount of money buyers can pay for properties. Ultimately, handicapping the buyers and reducing the vendors profits.

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 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 property

Auction Results Sydney 9 October 2021

CLEARANCE RATE: 100% - SOLD: 8 - PASSED IN: 0 - AUCTIONS: 8

12/86 - 88 Wellington Street, Bondi Beach - SOLD $1,360,000

?% Over agents price guide - Price Per Square Meter: $?

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

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

Bidders: 6 - Bids: 31 - Last Sold: 11 Feb 2005 for $500,000

66 Anzac Avenue, Collaroy - SOLD $4,415,000

% Over agents price guide - Price Per Square Meter: $7,651

House - Beds: 5 - Bath: 3 - Parking: 3 - Land size: 577m2

Price Guide: $? - Opening bid: $3,900,000

Bidders: 2 - Bids: 15 - Last Sold: First time offered

6/347 Edgecliff Road, Edgecliff - SOLD $1,214,500

10.40% Over agents price guide - Price Per Square Meter: $15,570

Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 78m2

Price Guide: $1,100,000 - Opening bid: $1,000,000

Bidders: 2 - Bids: 16 - Last Sold: 26 Jun 2014 for $789,000

2D/20-22 Onslow Avenue, Elizabeth Bay - PASSED IN $1,610,000 - Sold Post auction

7.33% Over agents price guide - Price Per Square Meter: $16,947

Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 95m2

Price Guide: $1,500,000 - Opening bid: $1,500,000

Bidders: 2 - Bids: 4 - Last Sold: 8 Apr 1988 for $200,000

438 Avoca Street, Kingsford - SOLD $2,010,500

11.69% Over agents price guide - Price Per Square Meter: $7,558

House - Beds: 2 - Bath: 1 - Parking: 1 - Land size: 266m2

Price Guide: $1,800,000 - Opening bid: $1,750,000

Bidders: 4 - Bids: 37 - Last Sold: 7 Dec 1998 for $382,000

9 Woomera Road, Little Bay - SOLD $2,746,000

% Over agents price guide - Price Per Square Meter: $4,494

House - Beds: 4 - Bath: 2 - Parking: 3 - Land size: 611m2

Price Guide: $? - Opening bid: $2,300,000

Bidders: 4 - Bids: 25 - Last Sold: 15 May 1997 for $387,000

1/124 Carrington Road, Randwick - SOLD $760,000

8.57% Over agents price guide - Price Per Square Meter: $15,200

Unit - Beds: 1 - Bath: 1 - Parking: 1 - Unit size: 50m2

Price Guide: $700,000 - Opening bid: $690,000

Bidders: 2 - Bids: 8 - Last Sold: 25 Nov 2003 for $250,000

10 Moore St, Roseville - SOLD $3,360,000

% Over agents price guide - Price Per Square Meter: $5,037

House - Beds: 3 - Bath: 2 - Parking: 1 - Land size: 667m2

Price Guide: $? - Opening bid: $2,800,000

Bidders: 7 - Bids: 58 - Last Sold: First time offered

Auction Results Sydney

Auction Bidding TBAS®

Auction Bidding TBAS®

Auction Bidding TBAS®

Auction Bidding Service

Articles by TBAS®

Need Help Buying Property?

Subscribe to TBAS® Auction Reports