Young couple buy North Sydney Victorian-era home for $3,925,000
This quiet harborside area has several independent Victorian homes near top schools, including Shore, which adds to the competition, Rundle said.
Crowds at the auction of one of North Sydney’s few detached Victorian houses.Credit: Oscar Colman
“You’re about an eight-minute walk from the subway, you’re not in the busy area of that metropolis,” he said. “So even though you’re close to all amenities, it’s quiet.”
Riley said there is depth in the market for prime properties.
Auctioneer Edward Riley said the North Sydney housing market was in an extraordinary state.Credit: Oscar Colman
“The home’s authentic 1890s Victorian charm attracted great interest from the outset, and the highly competitive auction is clear evidence that the North Sydney housing market is in outstanding shape,” he said.
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“Buyers are still rising steadily when quality homes are available.”
In Menai, parents paid $2.15 million to buy a renovated, four-bedroom brick house for their adult children to eventually live in.
“This will help them get off to a flying start,” said agent Chris Lechowicz, of Ray White Sutherland Shire.
The parents defeated an older couple, a couple in their 40s, and a younger couple.
Luxury 13 Tupelo Grove its pre-auction hopes were $1.9 million to $2 million and its reserve was $2,050,000. Bidding started at $1.8 million and continued strongly in $25,000 increments until the end.
The stylish property attracted four active bidders from the six who registered, and all were drawn by the new interior and easy floor plan.
“One level makes a big difference,” Lechowicz said. “I’m starting to notice that the younger generation prefers one level.”
Bidders were attracted by the new interior and easy floor plan.Credit: Specialization
A first-home buyer in Mosman was unbeatable to secure his share of one of Sydney’s most elite postcodes; There was only a reserve to be defeated.
Sunny one-bedroom apartment 2/67 Bradleys Head Road It was guided for $750,000 and sold for $775,000, $5,000 more than reserve.
One bidder placed two bids at the urging of the auctioneer and agent Andrew Bowden of Raine & Horne Mosman.
The bidder started with $750,000, but they were told they needed to increase their position and were offered $25,000 more. That was enough for the hammer to fall.
Four bidders signed up, but three were not ready that day, Bowden said.
With an average unit price in Mosman of $1.28 million, the buyer got an entry-level deal close to the suburb’s best features.
“It’s not too far from Balmoral Beach and close to the village, away from the noise and chaos,” Bowden said.
A lavish three-bedroom townhouse in Earlwood brought $1,462,000 after campaign guidance of $1.3 million.
The winning bidders in the three-level tender were a young family 1/217 William Street, Designed by Hebden Architects, this apartment is located in a new boutique complex for six people.
The low bidders were downsizers.
All four registered bidders participated under the supervision of auctioneer Tom Panos. It received an opening bid of $1.25 million, and the contest quickly surpassed the reserve of $1.3 million.
Agent Lambros Markessinis of Ray White Burwood said the presentation was A-list but the location was just as important.
“It’s a very good suburb that attracts a lot of families,” he said.
“Close to shops and bus service outside. A good buy and we have a very happy young family. They will enjoy it.”
