Auction Results Sydney 4 April 2020
Comment: Covid-19 Impact on the Property Market
1. It is unclear at the moment the short term impact on the property market and the property market won't be immune to a drop. However, most property analysis predict the market will return to pre-Covid-19 conditions once concerns over the virus subside.
2. Sydney's median house prices jumped 1.1% to $1,020,849 but it's expected to slow over April.
3. Over the past year Sydney house prices have risen 14.5%
4. This is a once in a life time opportunity for young buyers/first home buyers with job security and a deposit, due to record low interest rates, less competition and cheap stock.
5. Off-the-plan apartment sales are expected to perform reasonably well due to the market sectors established use of virtual technology.
6. History tells us Residential Australian property is a high performing asset class during economic uncertainty, as people generally seek out bricks and mortar.
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: 57% | Victoria: 56%
Home Auctions amid Coronavirus: Online Bidding Encouraging
Property Remains the best Industry to Build Wealth
Pressure on Landlords for Rent Relief in Covid-19 Crisis
Coronavirus: Can I still sell my house? FAQ
First-home Buyers with secure jobs Dominate the Apartment market
Auction Results Sydney 4 April 2020.
Clearance Rate: 33% - Sold:4 - Passed In:8 - Withdrawn:0 - Auctions:12
1 Caroline St Balmain - PASSED IN $10,400,000 (Vendors bid)
% Over agents price guide
Block of Units - Beds: 38 - Bath: 38 - Parking: 16 - Land size: 841m2
Price Guide: $10,000,000 - Opening bid: $9,000,000
Bidders: 2 - Bids: 5 - Last Sold: Not available
https://www.realcommercial.com.au/for-sale/property-1-caroline-street-balmain-nsw-2041-503500762
1a Benelong Cres Bellevue Hill - PASSED IN $7,800,000
0% Over agents price guide
House - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 1056m2
Price Guide: $8,500,000 - Opening bid: $7,800,000
Bidders: 1 - Bids: 1 - Last Sold: 22 Aug 2013 $3,395,000
https://www.realestate.com.au/property-house-nsw-bellevue+hill-133099574
85 Newland St Bondi Junction - PASSED IN $1,800,000 (Vendors bid)
% Over agents price guide
Terrace - Beds: 2 - Bath: 1 - Parking: 0 - Land size: 174m2
Price Guide: $? - Opening bid: $1,800,000 (Vendors bid)
Bidders: 0 - Bids: 1 - Last Sold: Not available
https://www.realestate.com.au/property-house-nsw-bondi+junction-133215290
51 Railway St Granville - SOLD $821,000
9.46% Over agents price guide
House - Beds: 2 - Bath: 1 - Parking: 2 - Land size: 464m2
Price Guide: $750,000 - Opening bid: $600,000
Bidders: 5 - Bids: 41 - Last Sold: 23 Jul 1993 $130,000
https://www.realestate.com.au/property-house-nsw-granville-133174826
40a Brown St Newtown - PASSED IN $3,225,000
7.5% Over agents price guide
Terrace - Beds: 4 - Bath: 3 - Parking: 2 - Land size: 286m2
Price Guide: $3,000,000 - Opening bid: $3,150,000
Bidders: 2 - Bids: 4 - Last Sold: 20 Apr 2013 $2,125,000
https://www.domain.com.au/40a-brown-street-newtown-nsw-2042-2016143819
10 Oxford St Petersham - PASSED IN $1,575,000 (Vendors bid)
0% Over agents price guide
House - Beds: 4 - Bath: 4 - Parking: 0 - Land size: 271m2
Price Guide: $1,575,000 - Opening bid: $1,575,000 (Vendors bid)
Bidders: 0 - Bids: 1 - Last Sold: 25 Sep 1997 $405,000
https://www.realestate.com.au/property-house-nsw-petersham-133154074
15 Mulwarree Ave Randwick - SOLD $2,300,000
15% Over agents price guide
House - Beds: 3 - Bath: 1 - Parking: 0 - Land size: 418m2
Price Guide: $2,000,000 - Opening bid: $1,600,000
Bidders: 3 - Bids: 29 - Last Sold: 18 Aug 2017 $3,200,000
https://www.realestate.com.au/property-house-nsw-randwick-133083970
9 & 11-13 Mulwarree Ave Randwick - SOLD $11,435,000
14.35% Over agents price guide
Block of Units - Beds: 30 - Bath: 20 - Parking: 0 - Land size: 1280m2
Price Guide: $10,000,000 - Opening bid: $9,800,000
Bidders: 2 - Bids: 29 - Last Sold: Not available
https://www.realestate.com.au/property-unitblock-nsw-randwick-133083622
19 Mulwarree Ave Randwick - PASSED IN $2,060,000
% Over agents price guide
House - Beds: 4 - Bath: 2 - Parking: 1 - Land size: 418m2
Price Guide: $2,100,000 - Opening bid: $1,700,000
Bidders: 3 - Bids: 15 - Last Sold: 8 Nov 1996 $520,000
https://www.realestate.com.au/property-house-nsw-randwick-133203146
23-23a Mulwarree Ave Randwick - PASSED IN $2,530,000
1.2% Over agents price guide
Semi - Beds: 6 - Bath: 2 - Parking: 4 - Land size: 279m2
Price Guide: $2,500,000 - Opening bid: $1,800,000
Bidders: 3 - Bids: 23 - Last Sold: 2 May 1980 $132,000
https://www.realestate.com.au/property-duplex+semi-detached-nsw-randwick-133207034
21-21a Mulwarree Ave Randwick - PASSED IN $2,650,000
6% Over agents price guide
Semi - Beds: 7 - Bath: 4 - Parking: 3 - Land size: 252m2
Price Guide: $2,500,000 - Opening bid: $1,900,000
Bidders: 3 - Bids: 39 - Last Sold: 14 May 2014 $288,000
https://www.realestate.com.au/property-duplex+semi-detached-nsw-randwick-133203418
12 Eve St Strathfield - SOLD $1,180,000
31.11% Over agents price guide
House - Beds: 2 - Bath: 1 - Parking: 2 - Land size: 312m2
Price Guide: $900,000 - Opening bid: $950,000
Bidders: 4 - Bids: 51 - Last Sold: 21 Sep 1988 $185,000
https://www.realestate.com.au/property-house-nsw-strathfield-133166798
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?
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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.
