Auction Results Sydney 30 May 2020

Auction Results Sydney

Auction Results Sydney 30 May 2020

Auction Results Sydney

 Comment: Property Market Crash

Auction Results Sydney

- Real Estate Institute of Australia president Adrian Kelly said forecasts of a crash were “fanciful”.

“We have a situation where listings are decreasing yet the inquiry level from prospective buyers is increasing … I do not believe that this points to a catastrophic outlook for house prices,” he said.

- Researchers predict the property downturn won't last long. Over the past 50 years, house prices were higher five years after a recession or downturn each time. In Sydney, from the start to the end of this decade, median house prices had increased from $530,00 to $972,000 and the average number of transactions have decreased. Now is the ideal time to trade up in Sydney or buy in the Southern Highlands.

- $50k boost on the cards for new property purchasers! The $50,000 grant would only be applicable to purchasers of newly constructed dwellings and is limited to 50,000 purchases.

- First Home Buyers are taking advantage of favourable buying conditions. Record low interests (which will be with us for a long time), reduced competition and lower vendor price expectations.

 

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 have resumed Onsite. If you are planning on bidding , it is important you have a proven auction strategy and get professional advice.

TBAS® Buyers Agents are continuing to inspect, bid at auction Online and Onsite to purchase properties for their clients. For more details contact us.


Auction Results Sydney 30 May 2020.

Clearance Rate: 66% - Sold:6 - Passed In:3 - Withdrawn:0 - Auctions:9

 

Auction Results Sydney 30 May 2020

32 Bundarra Rd Bellevue Hill - SOLD $3,950,000

Below agents price guide

House - Beds: 4 - Bath: 2 - Parking: 2  - Land size: 575m2

Price Guide: $4,000,000 - Opening bid: $3,600,000

Bidders: 3 - Bids: 23 - Last Sold: 21 Jul 2017 $4,590,000

https://www.realestate.com.au/property-house-nsw-bellevue+hill-133328694


Buyers Agent Eastern Suburbs

7/2 Andrews Ave Bondi - SOLD $1,375,000

19.56% Over agents price guide

Unit - Beds: 3 - Bath: 2 - Parking: 1  - Unit size: 129m2

Price Guide: $1,150,000 - Opening bid: $1,100,000

Bidders: 5 - Bids: 50 - Last Sold: 14 Apr 1967 $136,000

https://www.realestate.com.au/property-apartment-nsw-bondi-133539918


Auction Results Sydney

47 Eastern Ave Dover Heights - PASSED IN $2,500,000 (Vendors bid)

% Over agents price guide

House - Beds: 4 - Bath: 2 - Parking: 2  - Land size: 214m2

Price Guide: $2,500,000 - Opening bid: $2,500,000 (Vendors bid)

Bidders:0 - Bids: 1 - Last Sold: 14 Oct 2017 $2,550,000

https://www.realestate.com.au/property-house-nsw-dover+heights-133229430


Auction Results Sydney 30 May 2020

33 Cometrowe St Drummoyne - SOLD $3,500,000

16.66% Over agents price guide

House - Beds: 4 - Bath: 3 - Parking: 2  - Land size: 449m2

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

Bidders: 3 - Bids: 12 - Last Sold: 29 Aug 2003 $1,158,500

https://www.realestate.com.au/property-house-nsw-drummoyne-133526198


Auction Results Sydney

9/3 61 Edgecliff Rd Edgecliff - SOLD $1,770,000

% Over agents price guide

Unit - Beds: 2 - Bath: 1 - Parking: 0  - Unit size: 130m2

Price Guide: $? - Opening bid: $1,450,000

Bidders: 3 - Bids: 15 - Last Sold: Not available

https://www.realestate.com.au/property-apartment-nsw-edgecliff-133546574


Buyers Agent Eastern Suburbs

55 Doncaster Ave Kensington - SOLD $2,440,000

% Over agents price guide

House - Beds: 4 - Bath: 2 - Parking: 2  - Land size: 318m2

Price Guide: $? - Opening bid: $2,200,000

Bidders: 2 - Bids: 16 - Last Sold: 20 Jun 1995 $390,000

https://www.realestate.com.au/property-house-nsw-kensington-133467862


Auction Results Sydney

88 Cecily St Lilyfield - PASSED IN $2,300,000 (Vendors bid)

% Over agents price guide

House - Beds: 4 - Bath: 2 - Parking: 0  - Land size: 158m2

Price Guide: $2,300,000 - Opening bid: $2,300,000 (Vendors bid)

Bidders: 0 - Bids: 1 - Last Sold: 23 Nov 2006 $565,000

https://www.realestate.com.au/property-house-nsw-lilyfield-133537266


Auction Results Bidding

2a Marida St Randwick - PASSED IN $2,680,000 (Vendors bid)

% Over agents price guide

House - Beds: 4 - Bath: 2 - Parking: 2  - Land size: 315m2

Price Guide: $2,700,000 - Opening bid: $2,630,000

Bidders: 1 - Bids: 2 - Last Sold: 12 Nov 2007 $1,615,000

https://www.realestate.com.au/property-house-nsw-randwick-133507922


Buyers Agent Eastern Suburbs

4 Frederick St Randwick - SOLD $3,265,000

12.58% Over agents price guide

House - Beds: 6 - Bath: 3 - Parking: 0  - Land size: 483m2

Price Guide: $2,900,000 - Opening bid: $3,000,000

Bidders: 3 - Bids: 9 - Last Sold: 5 Jul 2001 $1,200,000

https://www.realestate.com.au/property-house-nsw-randwick-133554458


Auction Results Sydney

Buyers Agent Lower North ShoreCase Study

26/19a Young St Neutral Bay - Read Report

 

 

Articles by TBAS®Auction Bidding Service

5 Tips for Auction Success

 

 

 

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.