Marrickville apartment, Forest Lodge pad, Burraneer house with a view, and Chipping Norton home on Georges River

Bids dropped to as low as $5,000 and $1,000 before dropping in favor of a local young couple.

“They were initially looking at two-bedroom homes in the area, and then when this property came on the market, they changed their interest because it was an interesting option; it looked like a house, even though it was a condo,” Tran said.

Loading

The property is one of three flats in the Federation-era terraces that were subdivided in 1997.

A one-bedroom flat at Forest Lodge was also a hot commodity among first home buyers.

On a brick site with city views, 5/31D Charles Street It sold to a happy first home buyer for $650,000, $10,000 more than reserve.

The pre-auction guide for the neat 57 square meter space was $580,000.

The young buyer, from Camperdown, was surrounded by his family at the auction and beat out two other first home buyers and a man bidding on his mother’s behalf. All four registered parties participated.

Listing agent and auctioneer David Giezekamp of the Agency withdrew a “cheeky” opening bid of $555,000. The start of the auction was met with a bid of $580,000.

Giezekamp said it was a “spirited” contest right up to the finish, and when the gavel came down a cheer went up from the recipient’s support group.

“The buyer recently went to buy another property and missed the opportunity, so he was very keen to lock this one in,” Giezekamp said.

Loading

Downsizers at Burraneer take action after acquisition 4 Portview Location For $4.21 million.

Three of the five registered bidders participated and all were locals; diminutives or enlargers.

Agent Wendy Samrani, of Ray White Caringbah, said interest in the four-bedroom house during the campaign was in the mid-to-high $3 million range.

The new owners, who got the keys from the dealers who had owned them since the 1980s, live within walking distance.

The facility’s décor, consisting of exposed brick and wood-covered walls and ceilings, spoke of a bygone era. But the sparkling water view from a privileged location on the Burraneer Peninsula sealed the deal for $370,000 more than the reserve.

“The property was dated, but all buyers were happy to make renovations that fit the location and lifestyle,” Samrani said.

“It’s on a blue strip, on a small cul-de-sac, and in a heavily guarded location. The beach is just around the corner, and what made it so special were the uninterrupted panoramic water views that could never have been built.”

Sea views were also a factor for the family who bought a house in Chipping Norton.

Four bedroom duplex 2/161 Epsom Road, Featuring a deck and garden overlooking the Georges River, this property sold for $1,210,000, $130,000 over reserve.

With the encouragement of four out of 10 registered companies, a tender was opened for the 1 million dollar campaign guide. The mix included first home buyers, families looking for a second home, and an investor.

Agent Tyrone Bilbija of BOS Realty said the two bidders, both second-home buyers, jostled until the end. The investor made an offer and although the first home buyers signed up, they did not participate.

“Breaking Norton is a very popular area and a lot of families want to move here,” Bilbija said. “It was a great opportunity to enter the market at this kind of price point, especially with the waterfront view.”