Auction Results Sydney 9 May 2020
Auction Results Sydney
Comment: Property Values
Auction Results Sydney
- Sydney Buyers are starting to flood the Real Estate Market, realising it is a perfect time to buy. Search activity across Australia is up 5.3 per cent over the past week and is set to increase after the NSW government lifted the restrictions on open homes and auctions as of Saturday 9 May.
- 'Property Doomsayers' predicting a 30% decline in Sydney Property Prices look set to be sadly disappointed again, with prices up 0.4 per cent in April. Data is suggesting a modest 5 per cent decline over the next 6-9 months, but TBAS® Buyers Agents are predicting it will be at least around 10 per cent.
- Sydney Real Estate discounted by an average of 5.37 per cent: Property in Sydney is not being discounted by as much as it was last year. Sellers on the lower north shore have been offering the biggest price cuts, dropping house asking prices by an average of 9.14 per cent and in the East 6.92 per cent.
Using a Buyer's Agent: A Buyer's Agent can act as a 'middleman' at a time when house hunting has become more difficult. A Buyer's Agent can help by providing a shortlist of properties and arrange private viewings.
Auctions are continuing Online and Onsite as of this Saturday. If you are bidding Online, it is important you have a proven auction strategy and be well advised.
TBAS® Buyers Agents are continuing to inspect, bid at auction Online and Onsite to purchase properties for their clients. For more details contact us.
TBAS® Property News
Auction Clearance Rate - NSW: 77% | Victoria: 63%
Auction Results Sydney 9 May 2020.
Clearance Rate: 40% - Sold:2 - Passed In:3 - Withdrawn:0 - Auctions:5
30 Byrne Ave Drummoyne - SOLD $1,856,000
7.90% Over agents price guide
House - Beds: 3 - Bath: 2 - Parking: 1 - Land size: 316m2
Price Guide: $1,720,000 - Opening bid: $1,720,000 (Vendors bid)
Bidders: 3 - Bids: 12 - Last Sold: 22 Sep 2004 $850,000
2/73 Evans St Freshwater - PASSED IN $1,585,000
5.66% Over agents price guide
Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 85m2
Price Guide: $1,500,000 - Opening bid: $1,400,000
Bidders: 4 - Bids: 14 - Last Sold: 5 Mar 2004 $850,000
6/62 Marine Pde Maroubra - PASSED IN $1,500,000 (Vendors bid)
7.14% Over agents price guide
Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: ?m2
Price Guide: $1,400,000 - Opening bid: $1,400,000
Bidders: 2 - Bids: 4 - Last Sold: Not available
28/600 Military Rd Mosman - PASSED IN $950,000
% Over agents price guide
Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 125m2
Price Guide: $? - Opening bid: $950,000
Bidders: 1 - Bids: 1 - Last Sold: Not available
1-5/35 Park Ave Westmead - SOLD $3,855,000
48.26% Over agents price guide
Block of Units - Beds: 11 - Bath: 7 - Parking: 1 - Land size: 715m2
Price Guide: $2,600,000 - Opening bid: $2,100,000
Bidders: 4 - Bids: 119 - Last Sold: 11 Jun 1982 $125,000
Daily Telegraph: The ScoMo Effect: Driving the Housing Bounce
Financial Review - Buyers Starved of Property are Pushing Prices Higher
The Real Estate Conversation - The Rise & Rise of the Buyer's Agent
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.