Auction Results Sydney 11 April 2020
Comment: Property Market Recovery
It's possible the property market will recover by spring as the government initiatives are slowing the spread on the Coronavirus, coupled with unprecedented government stimulus and Lenders eager to please. Furthermore, low stock levels should underpin and slow short term declines.
We have noticed a few distressed sales and Buyers Agents are factoring in a 10 to 15 percent discount during negotiations, however the government is expected to contain the spread of the Coronavirus sooner than expected, which will be beneficial for the property market.
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: 62% | Victoria: 25%
Could the Property Market Rebound by Spring? Here's where will fair the best
Home Auctions amid Coronavirus: Online Bidding 'encouraging' for market
Property remains the best industry to build wealth in Australia
Pressure on Landlords for Rent Relief in Covid-19 Crisis
Coronavirus: Home Sales set to Halve in Near Term
Auction Results Sydney 11 April 2020.
Clearance Rate: 57% - Sold:4 - Passed In:3 - Withdrawn:0 - Auctions:7
42/10 Pyrmont Bridge Rd Camperdown - SOLD $800,000
2.5% Over agents price guide
Unit - Beds: 1 - Bath: 1 - Parking: 1 - Unit size: 98m2
Price Guide: $780,000 - Opening bid: $750,000
Bidders: 2 - Bids: 6 - Last Sold: 15 Jun 2011 $540,000
https://www.realestate.com.au/property-unit-nsw-camperdown-133322294
103/679-685 Anzac Pde Maroubra - PASSED IN $1,100,000(Vendors bid)
% Over agents price guide
Unit - Beds: 3 - Bath: 2 - Parking: 1 - Unit size: 231m2
Price Guide: $1,100,000 - Opening bid: $1,020,000
Bidders: 1 - Bids: 2 - Last Sold: 2 Jul 1997 $370,000
https://www.realestate.com.au/property-apartment-nsw-maroubra-133115326
4/4 Shaw St North Bondi - SOLD $966,000
7.33% Over agents price guide
Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 54m2
Price Guide: $900,000 - Opening bid: $900,000
Bidders: 2 - Bids: 9 - Last Sold: Not available
https://www.realestate.com.au/property-apartment-nsw-north+bondi-133241466
20 Ryan Rd Padstow - SOLD $900,000
5.88% Over agents price guide
House - Beds: 2 - Bath: 1 - Parking: 2 - Land size: 756m2
Price Guide: $850,000 - Opening bid: $850,000 (Vendors bid)
Bidders: 3 - Bids: 8 - Last Sold: 1 Feb 1978 $39,950
https://www.realestate.com.au/property-house-nsw-padstow-133250782
19 Kiama St Padstow - SOLD $1,190,000
13.33% Over agents price guide
House - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 657m2
Price Guide: $1,050,000 - Opening bid: $980,000
Bidders: 7 - Bids: 74 - Last Sold: 11 Jun 1997 $227,000
https://www.realestate.com.au/property-house-nsw-padstow-133127558
Commercial Real Estate
393 Liverpool St Darlinghurst - PASSED IN $2,000,000
% Over agents price guide
Shop - Beds: _ - Bath: _ - Parking: _ - Size: 108m2
Price Guide: $ - Opening bid: $1,600,000
Bidders: 2 - Bids: 13 - Last Sold: 3 May 2007 $1,425,000
200 Crown St Darlinghurst - PASSED IN $10,500,000
% Over agents price guide
Office building - Beds: _ - Bath: _ - Parking: _ - Land size: 348m2
Price Guide: $ - Opening bid: $10,500,000
Bidders: 1 - Bids: 1 - Last Sold: 11 Oct 2011 $4,390,000
https://www.realcommercial.com.au/for-sale/property-200-crown-street-darlinghurst-nsw-2010-503505658
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.