Auction Results Sydney 25 April 2020
Auction Results Sydney
Comment: Property Values
Auction Results Sydney
- Latest data suggest the decline in property values has been minimal to what has happened over the last month. In the last 28 days ending 21 April, the change in value was still positive at 0.4 per cent.
- With Australian banks heavily invested in Real Estate and the Australian economy reliant on the Property market, together the banks and Australian government will ensure the property values are maintain at a reasonable level.
- Housing prices are expected to bounce back early next year if the economy recovers later this year as predicted, with low interest rates underpinning buyer demand. TBAS® Buyers Agents are already negotiating 10-15 per cent discounts for their clients.
- Entry level properties are performing extremely well, despite COVID-19, with first home buyers with secure jobs recognising the unique buying conditions.
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. 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 purchase properties for their clients. For more details contact us.
TBAS® Property News
Auction Clearance Rate - NSW: 73% | Victoria: 57%
The Relative Resilience of Property Values
Working from home open up outer suburbs to new buyers
House Prices keep on Ticking Despite Crisis
Housing Market to bounce back from COVID-19 with price growth next year
Most sought after homes: Buyer demand for entry-level housing remains strong during COVID-19
Auction Results Sydney 25 April 2020.
Clearance Rate: 55% - Sold:5 - Passed In:4 - Withdrawn:0 - Auctions:9

A302/72 Macdonald St Erskineville- PASSED IN $940,000 (Vendors bid)
4.4% Over agents price guide
Units - Units: 2 - Bath: 2 - Parking: 1 - Unit size: 101m2
Price Guide: $900,000 - Opening bid: $800,000
Bidders: 4 - Bids: 10 - Last Sold: 27 Jun 2016 $892,500
https://www.realestate.com.au/property-apartment-nsw-erskineville-133369214

41 The Grove Centre Forestville - SOLD $1,100,000
% Over agents price guide
Retail shop - Beds: - Bath: - Parking: - Land size: 183m2
Price Guide: $? - Opening bid: $900,000
Bidders: ? - Bids: 10 - Last Sold: Not available
https://www.commercialrealestate.com.au/property/41-the-centre-forestville-nsw-2087-2016195702

38-40 Manning St Kingswood - PASSED IN $1,600,000
% Over agents price guide
Boarding House - Beds: 37 - Bath: - Parking: - Land size: 1113m2
Price Guide: $1,700,000 - Opening bid: $1,600,000
Bidders: 1 - Bids: 1 - Last Sold: 20 Sep 2017 $1,600,000
https://www.commercialrealestate.com.au/property/38-40-manning-street-kingswood-nsw-2747-2016165132

465-467 Parramatta Rd Leichhardt - PASSED IN $2,400,000
% Over agents price guide
Boarding House - Beds: 22 - Bath: - Parking: - Land size: 442m2
Price Guide: $3,000,000 - Opening bid: $2,400,000
Bidders: 1 - Bids: 1 - Last Sold: 2 Apr 2015* $1395,000*

43/8 Koorala St Manly Vale - SOLD $831,000
14.62% Over agents price guide
Unit - Beds: 2 - Bath: 2 - Parking: 1- Unit size: 130m2
Price Guide: $725,000 - Opening bid: $725,000
Bidders: 9 - Bids: 38 - Last Sold: 7 Mar 2002 $390,000
https://www.realestate.com.au/property-apartment-nsw-manly+vale-133338926

1201/30 Glen St Milsons Point - SOLD $2,072,000
9.05% Over agents price guide
Unit - Beds: 2 - Bath: 2 - Parking: 2 - Unit size: ?m2
Price Guide: $1,900,000 - Opening bid: $1,790,000
Bidders: 3 - Bids: 127 - Last Sold: 5 May 2014 $1,420,000
https://www.realestate.com.au/property-apartment-nsw-milsons+point-133416246

1203/30 Glen St Milsons Point - PASSED IN $1,800,000 (Vendors bid)
% Over agents price guide
Unit - Beds: 2 - Bath: 2 - Parking: 1 - Unit size: 126m2
Price Guide: $1,800,000 - Opening bid: $1,800,000 (Vendors bid)
Bidders: 0 - Bids: 1 - Last Sold: 12 Jul 2011 $950,000
https://www.realestate.com.au/property-apartment-nsw-milsons+point-133372350

19 Camden St Newtown - SOLD $1,440,000
?% Over agents price guide
Terrace - Beds: 2 - Bath: 1 - Parking: 1 - Land size: 183m2
Price Guide: $? - Opening bid: $1,100,000
Bidders: 3 - Bids: 21 - Last Sold: 6 Feb 2015 $1,90,000
https://www.realestate.com.au/property-house-nsw-newtown-133360398

71-71a Queenscliff Rd Queenscliff - SOLD $13,425,000
% Over agents price guide
DA approved units - Units: 14 - Bath: - Parking: 32 - Land size: 1259m2
Price Guide: $? - Opening bid: $10,500,000
Bidders: ? - Bids: 47 - Last Sold: 31 Jul 2019* $7,200,000*

Recent Media for TBAS®
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
Need Help Buying Property?
Contact Rodney McLoughlin – Director
TBAS® Buyers Agents
rodney@tbas.live – 0418 474 304
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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.