Auction Results Sydney 17 July 2021
Auction Results Sydney
Comment: Auction Results Sydney
Reserve Bank governor Dr Philip Lowe said the Reserve’s “central scenario” is that a interest rate rise won’t be needed “before 2024″ – that is, not for another two and a half to three years. This will add further pressure on property prices and potentially extending the current property cycle for another 3 years.
Lockdown is serving up another challenge for Sydney’s frustrated homebuyers by reducing the supply of properties available at a time when buyer demand remained elevated. The lesson we learnt from Melbourne’s prolonged lockdown last year suggested serious buyers would not be deterred by Covid.
First home buyer activity was 65.4 per cent higher over the first five months of this year compared to the same period a year ago, according to Andrew Wilson, chief economist at MyHousingMarket.
Dr Wilson says First Home buyers are facing increasing competition as more investors return to the property market. Dr Wilson expects rising prices and the return of investors will continue to dampen first home buyer activity over coming months.
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 Darling Point, Croydon, Bellevue Hill, Bowral and Maroubra.
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
TBAS® Property News
Realestate.com.au Auction Clearance Rate
NSW:89% | Victoria:90%
- Cheapest suburbs to buy a house: the Sydney areas where hopes of getting backyard are still alive
- Don’t believe the boys who cry ‘interest rates to rise’
- Sydney’s lockdown will be challenge for home buyers due to fewer available properties
- How much would Australia’s house prices have risen without COVID-19?
- NSW government offers relief for struggling tenants and landlords as part of lockdown stimulus package
- Buyers face hot competition for property as auction bidders rise above the last boom
- First home buyers locked in new battle with investors
- Report reveals the most popular suburbs to move to in different cities
- Where paying a mortgage is cheaper than renting
- The Sydney regions where you make a profit from property and the regions where you make a loss
- ‘Pockets of risk’: Sydney suburbs where homes are reselling for less than the owners paid
Auction Results Sydney 17 July 2021
CLEARANCE RATE: 71.42% - SOLD: 5 - PASSED IN: 2 - AUCTIONS: 7
6/97 Brighton Boulevard, Bondi Beach - SOLD $2,565,000
42.5% Over agents price guide - Price Per Square Meter: $33,311
Unit - Beds: 2 - Bath: 1 - Parking: 1 - Unit size: 77m2
Price Guide: $1,800,000 - Opening bid: $1,700,000
Bidders: 4 - Bids: 60 - Last Sold: 12 Nov 1999 for $550,000
1/21 Yarranabbe Road, Darling Point - SOLD $10,095,000
26.18% Over agents price guide - Price Per Square Meter: $25,238
Unit - Beds: 3 - Bath: 3 - Parking: 2 - Unit size: 400m2
Price Guide: $8,000,000 - Opening bid: $7,000,000
Bidders: 5 - Bids: 48 - Last Sold: 15 Jun 1987 for $1,250,000
1235 Old Northern Road, Middle Dural- PASSED IN $4,000,000
% Over agents price guide - Price Per Square Meter: $198
Acreage - Beds: 6 - Bath: 3 - Parking: 6 - Land size: 20200m2 (5 Acres)
Price Guide: $? - Opening bid: $3,000,000
Bidders: 4 - Bids: 23 - Last Sold: 5 Nov 2008 for $1,120,000
91 Station Street, Newtown - PASSED IN $4,235,000
8.58% Over agents price guide - Price Per Square Meter: $14,859
Terrace - Beds: 4 - Bath: 2 - Parking: 2 - Land size: 285
Price Guide: $3,900,000 - Opening bid: $3,900,000
Bidders: 2 - Bids: 21 - Last Sold: 15 Nov 2018 for $2,200,000
53 Selwyn Street, Paddington - SOLD $2,105,000
% Over agents price guide - Price Per Square Meter: $30,071
Terrace - Beds: 2 - Bath: 1 - Parking: 0 - Land size: 70
Price Guide: $? - Opening bid: $1,600,000
Bidders: 5 - Bids: 29 - Last Sold: 23 Sep 2010 for $885,000
12/13 Springfield Avenue, Potts Point - SOLD $1,510,000
11.85% Over agents price guide - Price Per Square Meter: $17,558
Unit - Beds: 2 - Bath: 1 - Parking: 0 - Unit size: 86
Price Guide: $1,350,000 - Opening bid: $1,350,000
Bidders: 4 - Bids: 11 - Last Sold: Not available
110 Morehead Street, Waterloo - SOLD $1,454,000
21.16% Over agents price guide - Price Per Square Meter: $12,116
Terrace - Beds: 3 - Bath: 1 - Parking: 0 - Land size: 120
Price Guide: $1,200,000 - Opening bid: $1,200,000
Bidders: 7 - Bids: 40 - Last Sold: 1 Aug 2020 for $1,010,000

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