Property description: Be inspired by this penthouse apartment’s expansive district views and exclusive location and explore the potential for transformation into a stylish bayside home. On the top floor of the tightly held Dorian Tower, the two-bedroom apartment, easily transformed into a three-bedroom apartment is located on the edge of Double Bay village, just 200m to Kiaora Lane’s eat street and a level walk to the harbour foreshore, marinas and boutique beaches. This is a unique opportunity to renovate and capitalise on its fashionable harbourside location an easy ferry ride into the city.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Full of charm and vintage allure, this classic Paddington terrace welcomes you in with its feel-good interiors and pretty grassed garden. Forming part of a distinguished row of Victorian Italianate homes c1875, it’s incredibly spacious with formal and casual living spaces and three large bedrooms on the upper level.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: A unique and outstanding opportunity awaits to add value and your own personal touch to this two bedroom townhouse positioned on quiet street in the vibrant home to one of Sydney’s cultural, social and historical hubs.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Occupying two levels, the home embraces open space. An abundance of natural light complements the high ceilings and enviable proportions to create inviting interiors. The front and rear gardens flow seamlessly through bi-fold doors offering choice between alfresco dining and the plunge pool. High quality fixtures and appliances adorn the property with the kitchen and bathrooms particularly elegant. Located in Randwick and bordering Coogee, enjoy a tranquil lifestyle in close proximity to all of life’s necessities.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Thoughtfully crafted Beach-house with the perfect blend of relaxed coastal luxury and contemporary open spaces, this freestanding home commands a desirable family lifestyle. Elevated and private north facing corner block with the surf and sand of Bondi Beach at the end of the street.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Understated luxury has created an atmosphere of effortless contemporary sophistication within this bespoke apartment. Placed inside a boutique complex, you’re footsteps away from the local delights of Woollahra Village and trendy attractions of Paddington, with convenient access to city bound buses.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Spectacular newly renovated five star penthouse, commands one of the best views the East has to offer, sweeping across the dazzling harbour through to the world class Sydney city skyline. This stunning oasis showcases a re-imagined 300sqm of internal and external living that has been flawlessly executed to a meticulous standard. Inspired open plan living with soaring high ceilings create a striking impression of unrivalled excellence
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Notes: The bidding was slow to start. The auctioneer called for bids around the guide of $3m, finally receiving a bid of $2.8m, then a sellers bid was placed of $3m. After a short pause the second bidder joined and the bidding was on with around 18 bids up to the selling price of $3,220,000
Selling Agent: Gavin Rubinstein – Ray White Double Bay
Property description: On offer for the first time in almost 55 years, this grand north-east to rear multi-level residence is primed for a dramatic reinvention. Showcasing generously proportioned interiors and immaculately preserved details, an expansive footprint includes spacious living zones spilling out to a level child-friendly backyard and rooftop terrace with stunning panoramas over the entire city, taking in the Harbour Bridge and Opera House.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Notes: There didn’t appear to be any registered bidders, with the auctioneer saying it wasn’t too late to register during the auction. The property was quickly passed in with no bids or a sellers bid.
Selling Agent: Joseph Raskin – Sotheby’s International Realty
Property description: Offered for the first time in over 40 years, presenting a rare and exciting opportunity to acquire a double brick, free-standing family home situated within one of Bellevue Hill’s most sought-after and tightly held streets. Set upon a leafy, tranquil and sun-drenched, 700 sqm (approx) parcel of land enjoying sweeping north westerly views.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Result: Passed in at auction Sellers Bid $7,000,000
Price Guide: $7,000,000
Auction Summary:
Location: InterContinental Double Bay
Crowd: 40
Bidders: 3
Bids: 0
Opening bid: $7,000,000 (sellers bid)
Notes: 3 registered bidders, all Chinese. The auctioneer was calling for bids around the guide of $7m. The selling agents worked hard trying to encourage the registered bidders to make a bid, but to no avail. After more than 20 minutes and a sellers bid of $7m, the auctioneer finally passed the property in.
Selling Agent: James McCowan – Sotheby’s International Realty
Property description: Boasting superb architectural craftsmanship and exquisite interior design by renowned architect Andre Baroukh, this family sanctuary assures the highest standard of luxury living in an exclusive eastern suburbs enclave. Its commanding position invites you to indulge in captivating views spanning from Sydney’s iconic harbourfront landmarks across glistening waters to Middle Head and Manly, offering spectacular views of the New Years Eve fire works and front row seats to the start of the Sydney to Hobart Yacht race.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: An opportunity to acquire a harbourside home owned by the same family for over half a century. A generous parcel, boasting sweeping water views of the Lane Cove River and Longueville peninsula.
Bring your ideas and dreams. A blank canvass is ready to build your dream home. Maximise the opportunities of aspect, views and floor space.
Auction Summary: On-site auction with a crowd of around 60 people. 6-7 registered bidders, 4 active bidders. Opening bid of $2.6m, then quickly rising to $3.2m, where the auctioneer said we are selling for keeps. We were bidding on behalf of our client and stopped bidding at $3,500,000, which was more than what we considered reasonable value. The strong bidding continued up to the selling price of $3.6m, $400,000 over the reserve. Great result for the vendors.
Selling Agent: Vincent McGrath – Harbourline Real Estate Greenwich
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Tightly-held by the one family for forty years, this freestanding home is a rare offering in one of Bronte’s most sought-after streets. Move-in-ready while presenting boundless potential, it is placed a stroll to Bronte Public School, shops, popular cafes and Bronte Beach.
Auction Summary: On-site auction with a crowd of around 25 people. There were 2-3 registered bidders, with 2 active bidders fighting it out. Bidding started at $2.9m, the property was declared on the market at $2.980m, finally selling for $3m after 14 bids.
Selling Agent: Nicholas Breadman – LJ Hooker Bondi Junction
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Positioned in a boutique apartment block of seven, this charming, character filled Art Deco apartment offers everything you need, from style to comfort and ultra-convenience. The light-filled apartment features open plan lounge and dining room, low maintenance lifestyle and spacious entertaining deck with a leafy outlook and ocean views. With a signature semi style layout, the interiors have been tastefully restored with a balanced blend of classic period charm and contemporary updates. Conveniently located for an easy lifestyle, it’s placed just moments from chic cafes, grocers, city transport and the lapping shores of Clovelly and Coogee Beaches.
Auction Summary: On-site auction with a crowd of around 10, mostly neighbours. There was 1 registered bidder who did not make a bid. The auctioneer called for bids around $1,050,00, after no bids placed a sellers bid of $1,075,000. The property was passed in with negotiations starting with the only registered bidder.
Selling Agent: Nick Simitzis – Belle Property Randwick
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Step inside an architecturally acclaimed haven of timeless appeal and style with this prestigious parkside residence. Meticulously crafted to enhance the sense of space and natural light, the elite home has was short listed for the 2016 Australian Houses Awards and was featured in Houses Magazine.
Auction Summary: On-site auction with a good crowd of around 40. There was 1 bidder, a buyers agent bidding on behalf of a client, who made an opening bid of $3.6m, they auctioneer then placed a sellers bid of $3.650m, the buyers agent increased his bid to $3.660. There were no further bids and the property was passed in. The auctioneer was confident on getting a result shortly after the auction.
Selling Agent: Ben Collier – The Agency Eastern Suburbs
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 1 bed, 1 bath, 177m2 land. Nestled in a leafy pocket of Woollahra is this light filled retreat on 177sqm of land, offering privacy and tranquility. Upon entry through a wisteria bound courtgarden, the home opens into a fresh and flowing layout designed for entertaining. A relaxed indoor to outdoor lifestyle is encouraged with French doors effortlessly giving way to a paved terrace and garden immersed in lush greenery. It’s enviably set only moments to the boutique Woollahra Village and Bondi Junction.
Auction Summary: On-site auction with a small crowd of around 20. Three registered bidders, but only 2 bidding. Opening bid of $1.5m. Bidding then stalled at $1.8m for around 5 minutes, then a sellers bid of $1.850m was submitted. The highest bidder then made another bid of $1.860m, the property was placed on the market and sold.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 2 beds, 1 bath, 1 parking. Enduring charm, tasteful updates and superb convenience make this oversized Art Deco apartment a desirable lifestyle choice. In a ground floor corner position featuring an elevated rear north aspect, it promises relaxed living footsteps from the heart of Double Bay village.
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 3 registered bidder. Damien called for bids around $1.1-$1.150, but eventually took a bid of $950k. He then placed a sellers bid of $1.1m. There were no further bids and passed the property in on the sellers bid.
Selling Agent: James Nixon – Raine & Horne Double Bay
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: This one of a kind layout on the penthouse level of AdvanxEast, delivers peaceful seclusion in custom designed interiors flowing to a spacious loggia conceived as an outdoor living room, the only floorplan of it’s kind. Backdropped by landscaped internal gardens and parkland views to Paddington, the 2-bedroom 2-bathroom apartment presents enviable harbourside living footsteps to cafes, restaurants and Rushcutters Bay Park.
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. Didn’t appear to be any registered bidders. Damien called for an opening bid circa $1.9m. With no bids Damien quickly placed a sellers bid of $1.9m and passed the property in.
Selling Agent: Jane Schuman – Raine & Horne Double Bay
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description:Occupying an elevated 696sqm parcel with sweeping north easterly district views, this graceful residence provides an idyllic family home of refined period character and timeless beauty. Wonderfully spacious and bathed in natural light, it reveals a classic layout offering multiple living areas enhanced by exquisite decorative ceilings and original fixtures.
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 1 registered bidder. Damien called for opening bids around $4m, then late $3’s to no avail. The agents tried to entice a bid from the registered bidder, but had no luck. The property was passed in on a sellers bid of $3,8000,000
Selling Agent: James Nixon – Raine & Horne Double Bay
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Architecturally designed and showcasing exceptional attention to detail, this stylish three bedroom North Bondi semi offers the best in laid back coastal living. With an abundance of natural light, beautiful timber-framed glass sliding doors provide a seamless transition from indoor to outdoor living, maximising use of the homes tranquil entertaining deck and garden
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. Damien called for opening bids around $2m, then after 5 minutes with no bids, he placed a sellers bid of $1,950,000 and passed the property in. Apparently there were registered bidders in the room.
Selling Agent: Paul Langsam – Raine & Horne Double Bay
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 2 Beds, 1 bath, 1 parking. Fresh contemporary interiors, a spacious layout and quiet leafy outlook combine in this boutique apartment to create a stylish low-maintenance home on the edge of Rose Bay village
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 5 bidders. Opening bid of $800k, then around another 19 bids up to the sold price of $1,020,000
Selling Agent: Hannan Bouskila – Raine & Horne Double Bay
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description:Standing sentinel above the sparkling waters of Gordon’s Bay, this classic Clovelly home is a near-original seaside jewel positioned in a premiere cliffside location offering stunning ocean views. Tightly held by the same local family for more than 50 years, this sprawling residence, complete with a total of 6 bedrooms and large oceanside backyard, stands as a once-in-a-lifetime opportunity in a dress circle Sydney area.
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 1 bidder. There was one bid of $5.8m by a buyers agent on behalf of a client. The property was passed in and was sold shortly after for circa $6.5m
Selling Agent: Ric Serrao – Raine & Horne Double Bay
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 2 beds, 1 bath, 1 parking. Wrapped in windows on three sides with views from every room, the two-bedroom apartment features a lock-up garage on title and is an easy lift ride to every convenience and a short stroll down to Bondi Beach’s vibrant surf and cafe culture.
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 4 bidders. An opening bid of $850, then quick bidding up to $955, before a 10 minute delay negotiating with the highest bidder & vendor. The highest bidder than made another bid of $980, the property was declared on the market & sold for $980k. The property was bought by the parents for their daughter.
Selling Agent: Hannan Bouskila – Raine & Horne Double Bay
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 3 beds, 2 bath, 2 parking. Positioned well back from the road amid leafy garden surrounds, this original townhouse offers a fantastic opportunity for transformation in a top location right on the cusp of Bondi. Secluded to the whisper-quiet rear of The Iliad, the spacious two-storey home features invaluable double garaging and rear access to scenic Bellevue Park offering panoramic views from the East’s most elevated vantage point.
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 2 bidders. An opening bid of $800k was rejected, a bid of $900k was accepted, then strong bidding between 2 bidders up to $1,030,000
Selling Agent: Martin Maskin – Raine & Horne Double Bay
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 2 beds, 1 bath.Ticking all the boxes for renovators with designer flair, this untouched Art Deco gem is quietly elevated on the second floor of a boutique building in a peaceful tree-lined pocket between the buzz of Queen Street café’s and Bondi Junction. Lovely and light with a sunny outlook and leafy vistas the apartment has a spacious living/dining area, king-size bedroom, large retro-style kitchen and original private alfresco terrace.
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 7 registered bidders. An opening bid of $600k, with strong bidding between 7 bidders up to the $841,000 sale price.
Selling Agent: Ric Serrao – Raine & Horne Double Bay
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Commanding intimate views across the harbour to the city skyline, this dramatic as-new prestige residence spans three beautifully appointed levels. Offering the ultimate in low-maintenance luxury, it features a versatile floorplan with an abundance of entertaining space, superb alfresco areas with a pool, spa and the finest designer finishes. It enjoys a world-class setting opposite leading schools, just moments to the famous Hermitage Foreshore Walk.
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 2 registered bidders. Damien called for an opening bid of around $8m, receiving a bid of $7m, before quickly placing a vendors bid of $8.5m, then passing the property in with no further bids.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 2 bedrooms, 1 white tiled and charcoal bathroom, Separate living, polished timber floorboards, Dine in gas kitchen with stone bench tops. No parking
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 1 bidder. Damien called for an opening bid of $650k, $640k or lower, then made a vendors bid of $650k, there was 1 bid of $655k, the property was declared on the market and quickly sold.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Offering to the market one of the areas largest apartments in the distinguished Eastgate Gardens Complex. This free-flowing 70sqm apartment is situated in the heart of the bustling Junction offering resort-like living with use of exceptional facilities, making it a sensational lifestyle purchase. 1 bed, 1 bath, 1 parking
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. Damien called for an opening bid of $900k, which he got, then submitted a vendors bid of $950k, rejected a bid of $960k, then, $975k, $990k, $1m it was on the market and sold to the sole bidder at that price.
Selling Agent: Ray Nicholas – Ray White Bondi Junction
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Semi-Like Apartment With A North Facing Courtyard. One of only four in a boutique collection, this oversized 136sqm (apx.) two-bedroom apartment offers a superb alternative to a semi in a fantastic location footsteps to Bronte Road cafes and a level stroll to Westfield’s retail precinct. 2 beds, 1 baths
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. There was an opening bid of $1m by the sole bidder, then a vendors bid of $1,050,000. The property was passed in with negotiation continuing with the bidder. In sold shortly after the auction.
Selling Agent: Stella Gankin – Belle Property Bondi Junction
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Located in the highly sought-after “Palisades” building in the heart of Bondi Junction, this stunning house-like apartment offers an exceptional executive life-style with complete privacy. Ideal for those ‘scaling down’ or ‘moving up’ who demand maximum quality and convenience in one fabulous package. 2 beds, 2 baths, 1 parking
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. There were no bids, except for a vendors bid of $1,450,000. We were told there was registered bidders in the room.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Under instruction from the Public Trustee, this original semi presents a sensational blank canvas awaiting complete transformation. Nestled in a leafy one-way street just footsteps from the vibrant Hall Street shopping and dining precinct and the beach, it could be transformed into a sensational coastal home, with the possible addition of a second storey (STCA).
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. There was 3 bidders with an opening bid of $1.6, then another 17 bids to finally sell for $2,150,000
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Old meets avant-garde. Tradition partners innovation. This wonderfully unconventional 6 bedroom home was born in an era when blocks were massive (this one is 939sqm) and ideas weren’t mass-produced. Since then an ultra-modern adult retreat and two outdoor entertaining areas have been built in its glorious tropical gardens, one of which can be all-weather, completely encased in glass.
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. There was no price guide, apparently registered bidders, but there was no bids, not even a vendors bid. The property was passed in with negotiation to continue behind closed doors.
Selling Agent: Alison Coopes – Agency by Alison Coopes
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Approx. 290sqm of level land, 3 Bedrooms + Sunroom or office. European-appointed Caesarstone kitchen with gas cook-top, breakfast bar
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. The guide was $2.2 and 2 bidders. Damien took an opening bid of $1.6. then $1.7, rejected $1,710,000 & $1,725,000 before placing a vendors bid of $2,150,000, which was passed in at that price.
Selling Agent: Joshua Allen – JT Allen Real Estate
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Graced by effortless beauty in both style and setting, this harbourfront sanctuary showcases the combined design mastery of Bruce Stafford and Hare + Klein. A home of unequivocal distinction, every exquisitely crafted space greets you with iconic Sydney views and flourishes of contemporary finesse.
– Views sweep over Rose Bay to Opera House and Harbour Bridge – Open plan living fused with idyllic terraces and swimming pool – Private boatshed and deck with direct access to water’s edge – Indulgent bedroom suites, premier kitchen draped in marble – Internal entry to four car garage plus internal lift to each floor
Auction Summary: On site auction with a strong crowd of more than 100 people and 6 registered bidders, so we were told by the auctioneer. The auctioneer work hard to try and get an opening bid to no avail, before placing a vendors bid of $23,000,000. Finally, there was a single bid of $23,250,000. After around 10 minutes the auctioneer finally passed the property in for $23,250,000 and discussions began with the sole bidder.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Two-storey terrace offers a superb canvas for creative transformation. Tucked away at the end of a wide cul-de-sac just 100m to Westfield’s retail and entertainment precinct, the three-bedroom home offers the best of urban village living and lifestyle appeal. 3 beds, 2 baths.
Auction Summary: On site auction with a good crowd of around 40 positioned out the front the of terrace with 3 bidders. There was a vendors bid of $1,325,000, then a low ball bid of $1.1m, which was abruptly rejected. Finally, there was active bidding from 3 parties and it was sold for $1,406,000
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: A unique offering of two separate properties positioned side by side, to be offered in one line or separately.
Currently comprising of two stylish inner-city havens in a leafy pocket tucked away behind Cleveland Street’s celebrated dining and entertainment hub on a quiet one-way street, just a short stroll to fabulous cafes, restaurants and pocket bars with easy access to the CBD.
No 1 Goodlet Street is freestanding to one side with streamlined interiors, sleek finishes. Spread over 2 levels and offers 4 bedrooms, 2 bathrooms and 1 secure car space set on 133sqm of land.
No 3 Goodlet Street offers loads of character throughout and is designed to maximise space and natural light with free-flowing living spaces upon entrance. Spread over 2 levels and offers 3 bedrooms and 1 bathroom set on 108 sqm of land
Auction Summary: On site auction was postponed for 2 weeks. The agent Matt Marano said they are currently working with a very interested buyer and hope to have the property sold soon.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 2 Beds, 1 Bath, 1 parking, 107m2. Beautifully updated to enhance the original features, this charming ground floor garden apartment offers a prestige lifestyle in an idyllic pocket of Mosman.
Auction Summary: On site auction with a good crowd of around 60 people in the unit. 3 active bidders. There was an opening bid of $1,050,000, then there was aggressive bidding, including from us on behalf of a client up to the sale price of $1,290,000. Our client wisely stopped bidding at $1,285,000 due to the risk of over paying.
Selling Agent: Mitchell McClintock- Vernon Partners
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 3 Beds, 2 Baths, 2 parking. 123sqm of living space spread over a single level with private balcony, lots of natural light and floor to ceiling glass. The floorplan is very generous and allows for an entry foyer plus a hallway that separates the spare bedrooms, main bathroom and laundry from the balance of the apartment. The master bedroom has an ensuite, the kitchen comes with induction cooking and has underfloor heating as well as in the living area. To complete there is also a communal swimming pool with BBQ facilities.
Auction Summary: On site auction with around 20 people in the unit. The auctioneer called for an opening bid for around the price guide of $1.5m, which was offered, there was a second bidder at $1.510,000. After a 5 minute delay the property was place on the market and sold to the 2 bidder at $1,510,000
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 2 Beds, 1 Bath, 1 Parking. Beautifully presented Art Deco apartment promises a prestige lifestyle in an idyllic Rose Bay locale. Holding a prime position on the top floor of the ‘Knowle Court’ building, it spreads across a spacious layout with light filled living/dining and a stunning gas kitchen featuring stone benchtops and quality Bosch appliances. Peacefully set opposite Woollahra Golf Club, this home is approximately 20 metres from Plumer Road shops, with Rose Bay ferry wharf and buses just footsteps away.
Auction Summary: In house auction at Ray White Double Bay with around 20 people in the room. The auctioneer called for an opening bid for around the price guide of $1m, but took the first bid of $900k, before quickly rising to the selling price of $1,115,000 with 3 active bidders.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Deceased Estate: R3 Development site. Land area 482sqm. Zoned R3 Residential. F.S.R 0.9 to 1
* Currently 3 self contained flats: 1×3 bed, 1×4 bed, 1×1 bed
* Off-street parking from Silver Street, shared laundry facilities
* Gross Annual Rent -$100,000 approximately
* Rare opportunity in this highly sought after location
Auction Summary: Sold prior to auction. On the market for only 1 week & sold 2 weeks prior to the scheduled auction.
Property description: Imagination is evident in both the respectfully preserved character and creative updates of this grand family terrace. It’s easy to envision this place as home – there’s soul in every nook and cranny. 4 beds, 1 bath, 1 parking.
Auction Summary: On-site auction with around 20 people. Just as the auction was supposed to start the Auctioneer said he has to postpone the auction for 7 days, because there was a new clause added to the contract for sale and wanted to give any potential buyers time to get legal advise.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Holding a coveted address on one of Paddington’s finest blue-ribbon streets, this light filled Victorian terrace is perfectly configured for an exceptional family lifestyle of peace and convenience. 3 beds, 2 bath, 1 parking.
Auction Summary: On-site auction with a crowd of around 20. There were no registered bidders. The auctioneer cancelled the auction and said they were working with a couple of buyers and are hoping to have a result within the week.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Located in the award-winning ‘Republic II’ building designed by acclaimed BKH Architects offering 103sqm of living with a separate study. 1 bed, 1 bath, 1 parking.
Auction Summary: On-site auction with a crowd of around 10. There were 2 registered bidders. The auctioneer placed a vendors bid of $900k, then retracted the vendors bid after there was a bid of the same amount. There were no further bids and the property was passed in at that price.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: An easy walk to the sand, here’s a classic semi, renovated in parts, still with scope for your future. On 301sqm of land it has plenty of potential to do more. And the neighbours have gone up. 3 bedrooms, 1 bath, 1 parking.
Auction Summary: On-site auction with a good crowd of around 30. There were 3 registered bidders, 2 actively bidding with an opening bid of $2.2m, a vendors bid of $2.4m, then a final bid of $2.6m
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Art Deco glamour reinvented in a leafy enclave 200m from Edgecliff station. 3 bedrooms, 1 bath, 1 parking
Auction Summary: On-site auction with a small crowd of around 10. There were 2 registered bidders, however neither party place a bid, leaving it up to the auctioneer to place a vendors bid of $1,475,000 and pass the property in
Selling Agent: Alexander Phillips – Phillips Pantzer Donnelly
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Top floor unit in an small block of 12, with district outlook. 2 bedrooms, 1 bath, 1 parking
Auction Summary: On-site auction with only a few people attending. No registered bidders. The auctioneer passed the property in with a vendors bid of $790k
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Inviting garden apartment footsteps from Five Ways. 1/2 bedrooms, 1 bath, 2 parking
Auction Summary: On-site auction was cancelled with no registered bidders. Agent was negotiating with a buyer outside, where they agreed on a price of $1,020,000 shortly after the auction
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Refurbished boutique apartment bathed in sunlight and set on the first floor of a block of six. 2 beds, 1 bath, 1 parking
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 2 bidders, with an opening bid of $700 rejected, then a vendors bid of $800k placed, before selling for $825k
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Cosy 2 bedroom unit in a block of 16 graced with original character. No parking
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 3 bidders, with an opening bid of $640k, then slow bidding up to the sale price of $660k
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Harbourview ‘blank canvas’ ripe for renovation. 27m2 including balcony + 10m2 garage
Auction Summary: Auctioned by Damien Cooley in the Domain Auctions rooms Double Bay. 3 bidders, with an opening bid of $450k, then strong bidding up to the sale price of $540k
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Large 2 bedroom unit, with 2 bathrooms and 1 parking in a resort style complex. Approx 129m2
Auction Summary: On-site auction with around 15 on-lookers, 2-3 registered bidders. Auctioneer made a vendors bid of $700,000, then there was 1 bid of $700,000 which was rejected, then accepted. The property was passed in at $700,000 and discussions continued with the bidder.
Selling Agent: Ercan Ersan – Ray White Surry Hills & Alexandria
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Recently renovated, NE Postion 2 bedroom unit, 1 bath & 1 parking. 90m2 internal + 14m2 parking
Auction Summary: On-site auction with around 30 on-lookers, 3 -4 registered bidders. Two people were bidding competitively against each. The price guide of $1,125,00 was exceeded quickly before selling for $1,267,000
Selling Agent: Nick Gill – Bresic Whitney Estate Agents
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 40m2, 1 bedroom unit within a 5 minute walk to Bondi Beach. No parking
Auction Summary: On-site auction, 3 registered bidders. There was a vendors bid of $620, then 2 bids by the same person of $620 & $630. The property was passed in and then sold shortly after for $650
Selling Agents: James Peach – Ray White Taylor & Partners
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: 2 bedroom, 1 bathroom top floor unit with parking. No lift. District & ocean views. Easy walk to Bondi Junction.
Auction Summary: On-site auction was passed in with no registered bidders. A few neighbours came for a look. There is one interested party waiting for finance to be approved.
Selling Agent: James Peach – Ray White Taylor & Partners
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Disclaimer: This Property was not bought or sold by TBAS® Buyers Agents. The information is compiled for research purposes to assist our valued clients in making educated decisions when purchasing property.
Property description: Spacious 2 bedroom unit in quiet street, with 1 bathroom & 2 car spaces
Auction Summary: On-site auction with a small crowd, mainly neighbours and no registered bidders. The auctioneer quickly went through the formalities and passed the property in with no bids.
Property Description: Stunning 86m2, 1 bedroom unit with city views, parking & 20m2 balcony around 2 years old
Auction details: The on-site auction had a crowd of approximately 100 people. There was 12 registered bidders. The bidding was strong, with an initial bid of $720,000, rising quickly from there, selling for around $100,000 over the reserve
The Southern Highlands is an idyllic place to live for any age group, be it young families looking for a rural lifestyle, or more mature families looking for a life less stressful than in the city.
It is home to the towns of Bowral, Mittagong and Moss Vale, withbeautiful villages just a short drive.Some of the villages are Sutton Forest, Exeter, Burrawang, Berrima and Bundanoon.
Bowral is well known for its wonderful Tulip Festival where the tulips and other flowers such as pansies will clap their hands and wave with delight to see you. The Food and Wine Festival is very popular along with the Bowral Classic Road Cycling charity event which brings hundreds of riders each year.
Bowral is famous for independent strip shopping and many fine restaurants or very casual coffee houses.The famous Bradman Oval and International Cricket Hall of Fame is a must to visit . Bradman Oval with its white picket fence offers you the opportunity to watch cricket from the soft green grass, bring a picnic.
Just a short drive through lush country side dotted with vineyards is Bundanoon well known for “Brigadoon” in April. Stop on the way at Sutton Forest and visit Red Cow Farm which is one of the most beautiful gardens in New South Wales, then on to Exeter village general store and cafe for a coffee or lunch.
The Southern Highlands is under a 2 hour drive from Sydney, but still has a country feel. It offers excellent schools, cafes, fine dining, galleries and the opportunity to live permanently or to purchase a holiday home. Let’s not forget the many beautiful golf courses in the area.
Living the dream on acreage or just a larger property in town is within reach in the Highlands.
The median price for a home in Bowral is $926,411. The principal of TBAS® Buyers Agents Southern Highlands, Julie Bennett has 30 years experience as an award winning licensed agent and can advise you on the best properties to buy.
You wouldn’t be the first person that has looked at Bellevue Hill and thought what’s so good about this place, why is everyone so enamoured. In fact, Director of TBAS®Buyers Agents, Rodney McLoughlin, a specialist in the Bellevue Hill real estate market is often asked two questions by prospective buyers, ‘what’s so good about Bellevue Hill? and why’s it so expensive?’ And the answer is it is an area that honestly speaks for itself.
Imagine waking up every morning and heading out on to your verandah, you breathe in the clean air and look at the picturesque view of Sydney Harbour. The early morning sun is beaming across to warm your face as a gentle breeze sweeps by playing with the leaves of the trees that adorn your garden while the birds sing and seemingly dance past. Sounds like a novel opening doesn’t it … but its actually what residents of Bellevue Hill have on a daily basis.
Bellevue Hill is a suburb in New South Wales on the eastern side of Sydney. It got its picturesque name after Irish-Australian immigrants began referring to it as Vinegar Hill in the early 19thCentury, in reference to the Battle of Vinegar Hill which took part in 1798 in Southern Ireland as part of the Irish uprising. The New South Wales Governor took umbrage to this and therefore gave it the name it is today which simply means beautiful view hill. A name that is stunning apt, Bellevue Hill is one of Sydney’s charmingest, most appealing suburbs. Tranquil and sedate it offers stunning views of breathtaking greenery, serene waters and stunning historical architecture.
Bellevue Hill has had a number of famous residents walking its streets from Media Moguls such as the Fairfax family and Lachlan Murdoch to the Prime Minister of Australia Sir William McMahon to sports stars such as Chad Morrison and Alan Kippax. However, it is not just the well-known faces that make this area desirable, there are also some famous houses dotted around the area too.
One of these residences is Rona Mansion, built in 1883 it is a two-storey Sydney sandstone house designed in the Victorian Gothic Revival style, which recently sold for circa $60 million.
One of the most affluent areas in Australia popular with Billionaires, Philanthropists and Surgeons alike, with the median prices of houses in Bellevue Hill costing circa $5.6 million and the median price per square metre of land costing circa $8, 300 you would not be mistaken in thinking this is one of the most expensive places to live in Australia, and there has got to be a reason for that right? so what is it? Simply put Bellevue Hill has so much more to offer than expensive houses and recognisable neighbours.
Every residence in Bellevue Hill comes with large private landholdings ranging at around 500 square metres to the Packer compound at some 11,000 square meters, so residents can have neighbours without them being too close giving the best of both worlds of living in a community, but having unreserved privacy which in this day and age is a major plus. As well as this there are the stunning views that property in this area have, as well as the area itself has to offer. Breathtaking views of Sydney Harbour, Rosebay Marina and beaches, not to mention Cooper Park make Bellevue Hill worth millions of dollars by themselves alone.
A major setback of living in a city is having to sit in traffic to get anywhere which in today’sclimate with over 18 million cars on the road in Australia alone it can take what feels like a lifetime to get anywhere, especially on school runs, sports clubs and after-school clubs.
There are two of Sydney’s most prestigious schools in Bellevue Hill, Cranbrook School and The Scots College. Both these schools are within walking distance of all the houses in Bellevue Hills which anyone who has ever done a school run will know is a big deal!!
Bellevue Hills is the closest Suburb to the Central Business District in Sydney with large landholdings and it also hosts an extensive network of public transport. Being the main commercial centre of Sydney it is responsible for approximately 13% of its regional workforce. Being in this close proximity to the Central Business District, in fact only 5km away it is incredibly easy to commute their via public transport in the form of bus, train, ferry or if being at one with nature is more your thing, you could easily jog or walk it too.
As well as being an easy commute for work there are also the benefits of being in close proximity to Sydney Harbour amongst other natural wonders. A short distance from Bellevue Hill is Double Bay, one of the neighbourhoods most stunning harbours. As well as incredible views there are Designer Boutiques for an amazing shopping experience and a wealth of restaurants, late-nightbars and cafes. In the Double Bay area, you will also find Cooper Park a great bushland reserve with a number of walking tracks perfect for a peaceful amble.
As well as this Bellevue Hill is only 2 km from Bondi Junction. With Bondi beach close by and a host of landmarks, large shopping mall and great restaurants and bars it is another great location in very close proximity to Bellevue Hill.
So as you can see Bellevue Hill is a pricey buy, but the things that you can’t put a price on in life like beauty, nature and tranquillity are just every day occurrences in this suburban heaven.
An experienced Real Estate negotiate can save you tens of thousands of dollars, if not more, providing you a competitive edge over the competition
Below are a few key points to consider when negotiating
1. Build a good rapport with the selling agent and keep in very close contact with them. You might need them on your side if there is multi buyers
2. Avoid participating in silent auctions where there is absolutely no transparency and where your relying on the selling agents ethics to be honest about other alleged offers
3. Find out as much as possible about the vendor and their motives for selling
4. Establish if the vendor would prefer a long or short settlement and use it to your advantage
5. Establish the true market value of the property with recent comparable sales. Get a free property report, which will give you the complete sales & rental history of the property and how long it’s been on the market
6. Ask the selling agent to give you the comparable sales they gave to the vendor to establish their price indication
7. Don’t tell the selling agent you love the property. Point out a few negatives, which they will probably tell the vendor
8. Don’t make low ball offers an upset the agent and vendor, it doesn’t help and just makes them resent you
9. Always make your offer subject to the building & pest and re-negotiate the price or get the vendor to rectify any problems
10. Never get emotional about a property, there will always been another
11. Have a back up property and make sure the agent knows if you don’t get the property at your estimated price you will buy the other property
12. Don’t tell the agent this is your last or best offer if it’s not, because they might go and sell it to another buyer without giving you the opportunity to increase yours
13. Sometimes is not always about price and if it’s a once in a life opportunity, do what it takes to get it
14. If your offer is accepted, race to exchange contracts before another buyer offers a higher price. The property is on the market until it is exchanged
Want to save tens of thousands of dollars on your next property? Use an experienced negotiator from TBAS® Call us on 02 9363 3239 orEMAIL US
Buyers Agents or Buyers Advocates do not sell property and are licensed professionals representing the buyers best interest to secure the right property in a timely manner and at a great price. They are your insurance policy and will definitely save you time, money and stress.
8 Reasons to use a Buyers Agent by Rodney McLoughlin from TBAS®
1. Find a Property Faster - Buyers agents have all the resources at their finger tips to fast track the purchase, including real estate agents, private sellers, developers, solicitors, financiers, etc.
2. Off Market Properties - Buyers Agents have access to every property listed, on and off the market, including private sellers
3. Expert Negotiators - Buyer Agents negotiate properties every day, they know when to offer more money or when the selling agent is lying
4. Independent Advice and Evaluation -The Buyers Agent is working for you to minimise the purchase price. The selling agent is representing the seller to maximise the selling price
5. Exchanging Contracts - Buyers Agents can stop other potential buyers exchanging contracts before you. The good properties usually have more than one buyer competing for them
6. Auction Bidding - A Buyers Agent will bid on your behalf at auction and plan an auction strategy to eliminate the stress and emotional bidding
7. Pre Approval - Home loans typically expire after 3 months, therefore a buyers agent will give you the best chance of securing a property before it lapses and having to re-apply
8.Investment Properties - They will help clarify your goals by asking crucial questions to maximise you return Eg: Capital growth v’s high yield? Which properties will achieve greater capital growth and is it better to buy a property that is positively geared or negatively geared?
Call us on 02 9363 3239 for an obligation-free consultation orEMAIL US
Auctions can be extremely emotional, knowing how to bid at auction and having the data to support the true value of a property will save you a lot of money.
Below are some invaluable auction bidding tips from TBAS®
1. Have your finances pre approved
2. Research the local area and real estate market thoroughly, to ascertain the exact value of the property
3. Get comparable sales from independent sources, not the real estate agent selling the property
4. Get an independent building & pest inspection
5. Have your solicitor or conveyancer review the contract for sale
6. You’re not always required to have a 10% deposit. Negotiate a 5% deposit prior to the auction if beneficial
7. Organise your deposit, which must be paid directly after the auction. Clarify if a bank cheque is required, if you can use a personal cheque or the new DEFT payment.
8. The auctioneer doesn’t have to call the property is ‘on the market’ to sell it
9. You don’t have to be the highest bidder to negotiate after the auction if it doesn’t sell, however the highest bidder has the first right
10. Prepare a bidding strategy, bid fast, be assertive and never procrastinate. Don’t look at your partner and debate if you should bid higher, it's a clear signal you are at your limit.
11. Know your absolute maximum bid and stick to it
12. Take the emotion out of it & insulate yourself from the selling agents by using a professional auction bidder from TBAS® Buyers Agents. We are your insurance policy
Call us on 02 9363 3239 for an obligation-free consultation orEMAIL US
Sydney is the largest, strongest and most expensive property market in Australia. Growth has been so significant over recent years, it’s become a common worry that Sydney property is now overpriced, with many people believing it’s the wrong time to enter or invest in the market. Sydney is one of the most desirable places to live in the world, and there’s no denying that the amount of people looking to buy property is substantially higher than the supply available on the market. This means buying a property in Sydney can certainly be challenging. But, there are plenty of legitimate reasons Sydney is still the perfect place to buy.
1. Capital growth continues
Sydney’s property market has experienced phenomenal growth over the last three or four years. Although the market began to show signs of slowing at the start of 2016, and there was talk of the property bubble coming to an end, investors need not worry, as the figures are still demonstrating clear growth. According to CoreLogic RP Data, dwelling values in Sydney rose by 3 per cent for March, 5.8 per cent over the quarter and 13.9 per cent over the year. Low interest rates and renewed confidence after the election means growth is not expected to end anytime soon, so now is still the perfect time to invest in Sydney.
2. There are still bargains to be snapped up
While strong growth is still being seen in the Sydney property market, it doesn’t apply to all suburbs. There are still some bargains to be had – you just need to know where to look. In the inner city areas, as well as the Eastern suburbs, record prices are being set on a regular basis. But Sydney’s outer ring and western suburbs are not showing the same sort of growth, and still offer opportunities for the astute buyer. Research is key to being able to snap up the right property. Knowing the right suburbs, the right streets, the current infrastructure and any infrastructure planned will give you the clearest view of your options.
3. An apartment boom
Australia is experiencing a monumental apartment boom at the moment – the biggest ever – with more than 270,000 new apartments currently being planned or constructed across the country. More than 88,000 of these will be in Sydney. While extra housing and development can be great in terms of providing better choice for buyers as well as renters, this sort of influx of new apartments can also have some downsides, with a tendency to increase vacancy rates and push rental yields down. Yet these risks are not seen to be relevant to Sydney. The Commbank Property Insights report indicates that the apartments planned in Sydney are spread proportionately across a large number of suburbs, meaning there will be a greater depth to the market, yet without the risk of there being an oversupply of housing, or negatively impacting vacancy rates.
4. There’s no need to hold back for the market to steady
There is a perception amongst many that you should wait for the market to be at its best before you consider buying. But, that’s not necessarily true. If you’re looking to buy property as an investment, and you’re willing to look at it as a long-term investment, it’s not so important whereabouts in the cycle you decide to jump in – it’s more about when you get out. Property value tends to double within a 10 year span, so If you’re prepared to hang on to your investment for a while, you can still make significant capital gains no matter what you paid for it initially. If you’re a first-time buyer, and you’re ready to go with your deposit, don’t hold back. As long as you take the time to really understand what your spending limits are, and don’t overstretch yourself financially, it’s better to jump in now and start reaping the rewards of capital gain, rather than wait till the market steadies or drops.
5. Quality of life!
With some of the world’s most iconic architecture, a thriving city and business centre, funky inner-city suburbs and and countless beachside suburbs to choose from, Sydney offers a quality of life that is hard to beat. In fact, Sydney is officially recognised as one of the best cities in the world to live – placing tenth in the 2016 Mercer Quality of Living ranking, and ranking higher than any other Australian city. So what makes Sydney so special? Sydney is home to one of the most beautiful harbours in the world; it has a fantastic climate that translates to long summers and sunny days, and, as a true multi-cultural city, it has a fantastic arts and culture scene to explore. The food and café culture in particular is outstanding, and each year Sydney puts on a New Year’s celebration that rivals the best in the world. Being surrounded by beaches, Sydney is a city that embraces sun, sea and sand, and it’s a city that offers some of the most special and unique lifestyle opportunities for anyone who lives here.
Be prepared
For many, finding the perfect property in Sydney might seem a daunting prospect, but with the help of a professional buyer’s agent, it’s still possible to find your dream home and not have to pay over the odds for it. Here at TBAS®
we can help you navigate the process from start to finish. We’ll give you valuable insights into the current market trends, help you to understand which suburbs are possible for you to buy in based on your budget, and we can even introduce you to opportunities that are not on the market.
Call us on 02 9363 3239 for an obligation-free consultation or EMAIL US
Some of the potential benefits of buying property through a SMSF include the fact that the fund will pay a maximum 15 per cent tax on rent from the property. On properties held for longer than 12 months, the fund also gets a one third discount on any capital gain it makes upon sale. The remaining two thirds are then added to the fund’s income and taxed at the funds rate of 15 per cent, effectively providing a ten per cent tax rate.
Also, once fund members start receiving a pension at retirement – assuming they’ve held onto the property this long – they’ll pay no tax on either rental income or any capital gains tax when they sell.
Setting up the SMSF
If you want to buy a property in your Self Managed Super Fund (SMSF) it is best to setup the SMSF prior to looking at properties, as the process can be quite lengthy.
There is a company called Squirrel SMSF who I can personally recommend, that will help you set up the fund at a reasonable rate, attend to all your fund’s annual compliance requirements and has established direct arrangements with a number of Lenders allowing clients to easily apply for an SMSF Loan online.
Rules to consider
There are strict rules governing what money borrowed through an SMSF can be used for. For example, spending borrowed money on repairs and maintenance is ok, but spending borrowed money on anything deemed to be an ‘improvement’ is not allowed. While improvements to the investment property are allowed, they must be funded using other money in the SMSF (such as money from member contributions) and not any funds the SMSF has borrowed.
You can NOT purchase your family home in a SMSF, as this would contravene the ‘sole purpose’ test and put your SMSF in danger of non-compliance. Your SMSF needs to be a arms length.
After understanding what your needs are, and agreeing on a brief for us to work to, a small retainer fee is payable to engage our services. We also charge a flat rate success fee for properties under $1 million and a small percentage over $1 million, which is only payable upon the purchase of a property that you love. There are no other hidden costs, and as we are boutique agency, our fees are very competitive.
Call us on 02 9363 3239 for an obligation-free consultation or EMAIL US
A N O T E T O S Y D N E Y ’ S P R O P E R T Y H U N T E R S
Buying a house is one of the most exciting – and stressful – purchases you can make. I’ve supported hundreds of property hunters through this process and spent years finding ways to make buying the right property easier. I’m also well aware of common mistakes that end up costing people time and money.
So I want to share some of the most valuable things I’ve learned with people like you – buyers and investors who want to make the most of Sydney real estate.
Sydney is home to one of the most competitive, fast-paced and occasionally ruthless real estate markets in Australia. In 2016 alone property prices rose 13.1% according to CoreLogic. That means they rose a whopping 67.3% over the five years between 2011 and 2016.
No wonder then, that for many people looking to buy their first or next property, it can feel like there’s simply no way in….
But there is. So long, of course, as you’re willing to take concrete steps to be more prepared, more informed and more negotiation-savvy than the other property hunters out there. In this guide, I’ll show you how to become all of these things and more.
So, why am I giving away my buyer’s secrets? I’m hoping this information will make your property search that much easier. I’m regularly surprised by how many people don’t put the principles I’m sharing here – many of which should be common sense – into practice. Instead, they get carried away by the emotion and stress of the search.
And of course, I’m also hoping you’ll get in touch with the TBAS – The Buyers Agency Sydney team for our expert advice. After all, our clients rely on our experience, our connections with agents in exclusive areas and our direct access to off-market deals. We’re specialists in Sydney’s Eastern Suburbs and Lower North Shore and we cover every step of the process – from initial research to managing inspections, negotiating the best price, settling contracts, advice on renovating and tracking the value of your property over time.
So take a few minutes to read these tips. It could save you months of heartache and many thousands of dollars.
Here’s the link below to your copy of ‘Seven Secrets from a Sydney Buyer’s Agent’
The media often talks about Sydney property as though it’s a bubble – and one that could burst any day soon. It’s a powerful image, the bubble, and one that instills great fear in many would be real estate buyers who have watched property prices rise to record levels over the past few years. But it’s not necessarily an accurate one.
So, if you’re cooling your heels and holding back from buying your next home or investing in Sydney property, you could be costing yourself thousands of dollars. Here’s why.
1. No one knows what will happen next to Sydney property prices
Plenty of educated people have been predicting a fall in Sydney house prices for some time. If you had heeded their advice at the start of 2016 and held off buying in the hope of correction, you would have missed out on an average 13.1% growth across the 12 months according to CoreLogic’s figures. In other words, the property that would have cost you two million at the start of 2016 would have cost $2.262m by the end of the year. That’s the equivalent of more than $5,000 a week.
The reality is that no one can predict exactly when real estate prices will rise and fall or by how much. However, the long-term trend is very much in favour of property prices continuing to rise.
So, if you’re waiting for property prices to fall before taking the plunge, you may be waiting some time… potentially even forever.
2. A property bubble tomorrow? It’s the long-term that matters
Whether you’re buying a home or buying property as an investment, it isn’t what happens in the next weeks, months or even years that matters. It’s what happens in the mid-to-long term.
After all, if you’re buying a place to live in, chances are you won’t want to up and leave anytime soon. If you’re buying property as an investment, looking at spending some time in the market, will give you the chance to capitalise on at least one property cycle. These cycles usually last five-to-seven years.
It’s important to think in cycles because property prices don’t rise and fall uniformly. While the long-term trend for Sydney property is that it tends to go up, it usually does this in short bursts. For instance, if you look at the past decade, Sydney property prices were dipped in 2008-2009, rose sharply in 2010, were stagnant again and the rose sharply (but not uniformly) between 2014 and 2017.
As we said, no one can accurately predict what will happen to the property market. But if you’re in it for the long-haul you should ride out any short-term price dips. Even if you had bought just as the market dipped in 2008, you would still be well and truly ahead now.
In other words, the long-term risk in buying quality Sydney property is low. The great risk is not being in the market at all.
3. Sydney property remains a solid investment
Like all investments, property prices are set by the simple principles of supply and demand: so long as there is high demand and limited supply, property values stay high.
In Sydney, recent demand has been fuelled by a growing population, relatively strong economy and record low interest rates. Meanwhile, while there has been a lot of development recently – especially when it comes to high density apartments – the number of desirable properties on the market in good locations stays constrained. Add to that new transport links being added and the fundamentals look good.
On top of this, the government provides a number of tax incentives – such as a capital gains tax discount and the ability to offset interest repayments on negatively geared properties against income tax. These continue to make property an attractive asset for investors when compared to other options.
And, while there is talk of some of these incentives being scrapped in the future – especially if there is a change of government at the federal level – it’s likely any changes will apply to investors who buy after the change to the law, not before it.
If it’s an investment property you’re after, staying out of the market could mean you miss out on the tax relief other investors enjoy.
What goes up doesn’t always have to come down….
Finally, it’s always worth remembering that what goes up doesn’t necessarily have to come down – especially not over the long term. There are concrete financial reasons to get in as soon as possible.
So, while saving a deposit and doing your research is important. But it can also pay to act before you feel completely ready, even if that just means starting a conversation with a buyer’s agent at TBAS®.
Call us on 02 9363 3239 for an obligation-free consultation or EMAIL US
