Ray White New South Wales head of auctions Perry Edmondson-Clark said it was a very wet day across Sydney today but those keen buyers couldn’t be washed away.
“Preliminary data is showing on average four registrations per auction with competitive bidding.
“There is plenty of commentary around what the market might look like over the next few months; we have Easter and ANZAC Day long weekends as well as an Reserve Bank rate decision next week, and of course the election now looming in May.
“Despite all the distractions, stock volume remains consistent and buyer activity is strong. Now remains a great time to come to the market,” Mr Edmondson-Clark said.
139 St Johns Rd, Glebe
Sold under the hammer for $2.5 million
Three registered bidders, all active
Lead agent: Matthew Carvalho - 0404 006 744
Ray White Surry Hills | Alexandria | Glebe | Erskineville
Auctioneer: Tim Snell, Ray White
Matthew Carvalho sold the mixed-use residence and shop in conjunction with Kristian Morris from RWC City Fringe, to double the expertise in both residential and commercial.
“The opening bid was $1.9 million . It sold for more than we were expecting; the owner was thrilled with the result,” Mr Carvalho said.
“Interest was mainly from owner occupiers; two groups were architects looking to use the office and live upstairs.”
The eventual winning bidders were a young couple who planned to turn the whole building into a residence.
1 Lakewood Dr, Woodcroft
Sold under the hammer for $1.7 million
Nine registered bidders, six active
Lead agent: Abhilav Verma - 0420 222 282
Ray White Colebee
Auctioneer: Perry Edmondson-Clark, Ray White
This was an all-time suburb record for Woodcroft.
Abhilav Verma said the uniqueness of the property; the land size and features attracted a lot of interest.
“We ran a great social media campaign. The buyers loved the way we marketed the property,” Mr Verma said.
The winning bidders were an owner occupier family from Blacktown.
“The sellers are downsizing and have bought another property from us in Colebee. They bought it 25 years ago and they were emotionally attached to this home. There were over 60 people inside the house, it was an amazing vibe.”
39 Penkivil St, Willoughby
Sold under the hammer for $4.951 million
Two registered bidders, both active
Lead agent: John McManus - 0425 231 131
Ray White Lower North Shore
Mr McManus said the sellers are relocating in the same area and were absolutely over the moon with the result. Bidding for the stylish dual-level home started at $4.5 million.
“The buyers are renting in Chippendale and they are originally from China. They are looking for a bigger house to start a family,” Mr McManus said.
“The market is quite tough at the moment. The properties that tick all the boxes are selling really well; if there is one element missing then it is really hard to get across the line.”
54 Highfield Rd, Lindfield
Sold under the hammer for $3.76 million
Three registered bidders, all active
Lead agent: Jessica Cao - 0466 877 260
Ray White Upper North Shore
Jessica Cao said the sellers were a local family who are downsizing.
“They want a smaller house that is easier to manage but they still want to stay in the beautiful area. The winning bidder was a lady who fell in love with the location. Her husband hasn't seen the property yet, but she was the decision maker!”
3 Walar Cres, East Killara
Sold under the hammer for $3.9 million
Four registered bidders
Lead agent: Jessica Cao - 0466 877 260
Ray White Upper North Shore
Ms Cao said the property had been in the same family for 50 years and the mother passed away last year; the kids were selling the house.
“There were a lot of tears as you can imagine the memories in this house.
“As soon as the house was sold, they started bringing out a feast of food for the whole family. They also welcomed the buyers in for celebratory champagne,” Ms Cao said.
The buyers were a local family who are going to do a renovation on the family home.
Ms Cao then went on to sell 114 Koola Ave, East Killara for $3.361 million with six registered bidders. Both the buyers and sellers were local young families.
162 Denison St, Newtown
Sold under the hammer for $2.07 million
Nine registered bidders, four active
Lead agent: Shaun Stoker - 0424 172 217
Ray White Surry Hills | Alexandria | Glebe | Erskineville
Auctioneer: James Keenan, Ray White
Shaun Stoker said the winning bidder of this two bedroom cottage was a young first home buyer couple who had been looking for four months. They were absolutely thrilled to secure a home.
“This was an investment property for the sellers, and they recently decided to cash in as they approach retirement,” Mr Stoker said.
“If the property ticks all the boxes then it does really well. There are buyers everywhere but they are happy to wait and move onto the next property. There is less FOMO in the market.”