East Lindfield, Newtown, Marrickville and Kirrawee
The buyers’ children are big fans of the fish, Cao said. Quality schools, a safe community and proximity to the city attract families with teenagers to the suburb, he said.
A couple in Newtown picked up the keys to a one-bedroom, one-bathroom terrace for $1,615,000.
The small property on the doorstep of the shopping village was valued at $1.25 million and attracted potential buyers considering similarly priced flats.
The buyers, a woman from Cronulla and her partner who lives nearby, plan to move into and eventually renovate 8 Angel Street.
“They are building a portfolio of properties,” said agent Rami Abdallah of Prestige Property Group Realty.
Loading
The opening bid of $1.35 million – in reserve, to be exact – beat out most of the competition. “There was silence for about two minutes,” Abdullah said.
Eight bidders, all young professionals, had registered, but some never got a chance after such a bullish start. Five attended.
After the shock subsided, the showdown continued with increments of $10,000, $20,000 and $50,000 before falling to $5,000 as the final two contestants held out. The winner of the bidding was a young man and his partner who received support from friends in the auction.
A couple in Marrickville purchased a 322-square-foot two-bedroom cottage built in 1919 for $2,010,000. The bidders were first home buyers.
The charming 69 Illawarra Road features an outdoor terrace under a jacaranda, lead-light windows and a contemporary kitchen and bathroom.
The campaign had a guide of $1.7 million and the reserve was set at $1.9 million. Ray White Surry Hills agent Ercan Ersan said the buyers had sold their respective units at Summer Hill and Enfield to start their first purchase together.
Six parties signed up and all but two attended. One was an investor, the rest were first home buyers and young boomers. “They were preparing themselves for the future; if they went beyond two bedrooms, they could renovate the house because they would have block size,” Ersan said.
The bidding started at $1.7 million, two parties competed up to $1.86 million, then the third one stepped in. The fourth made a late move to $1.95 million, helping the price surpass $2 million.
A two-storey, three-bedroom townhouse on a boutique block in Kirrawee changed hands for $1,502,000 after a $1.2 million campaign.
Six bidders – including downsizers, first home buyers and young professionals – signed up for 1/28 Hunter Street. The four competed, pushing the price above the $1.35 million reserve.
Agent Luke Lombardi, of Pulse Property Agents, said the ground floor master bedroom appealed to older buyers, while the lack of strata fees was a broad selling point.
“The bidding opened at $1.1 million, it was very confident, no one hesitated, and with only a few bids it went up to $1.4 million,” Lombardi said.
The contract was signed by a family who emigrated from England and had been renting a house for several years. The low bidders were downsizers who persevered under pressure. “They said they were ‘out’ about five times,” Lombardi said.
