Buyers needed to add 11% to weekend Sydney pre-auction price guidance

Buyers needed to add 11% to weekend Sydney pre-auction price guidance
Buyers needed to add 11% to weekend Sydney pre-auction price guidance

The most affordable Sydney property reported sold at the weekend was the two bedroom unit at 8/12 Palmerston Street, Kogarah (pictured above) at $415,000 through Raine and Horne.

It last sold at $120,000 in 1994, so over the two decades it went up 6.4% annually.

The agents had given buyer indications at $400,000 plus, so it was fractionally above estimate.

Property Observer checked the pre-spring guidance against 14 weekend sales results.

There was an average 11% difference above the pre-auction indication, with estimates ranging from 3% to 19% above.

The 11% weekend average was well below two weekends ago when the 10 offerings under review averaged 18% above guidance.

Address

Suburb

State

Price Guide

9A Audley Street

Petersham

NSW

Over $1,100,000 SOLD $1.236m

1/37 Prince Street

RANDWICK

NSW

Over $1,150,000 SOLD $1.25m

129 Arthur Street

SURRY HILLS

NSW

Over $1,500,000 SOLD $1.67m

85 Waitara Parade

HURSTVILLE GROVE

NSW

Over $1,250,000 SOLD $1.4M

9/10 Aston Gardens

Bellevue Hill

NSW

Over $725,000 SOLD $865,000

44 Howard Street

RANDWICK

NSW

Over $1,700,000 SOLD $1.765m

54 Battye Avenue

BEVERLEY PARK

NSW

Over $1,300,000 SOLD $1.5m

106 Midson Road

EPPING

NSW

Over $1,400,000 SOLD $1.65m

5 Ian Avenue

NORTH CURL CURL

NSW

Over $1,700,000 SOLD $1.75m

33 Railway Parade

WOONONA

NSW

Over $700,000 SOLD $780,000

8/3 Rosebery Place

BALMAIN

NSW

Over $800,000 SOLD $925,000

18/20 Warwick Avenue

Cammeray

NSW

Over $650,000 SOLD $690,000

14 Brett Avenue

HORNSBY HEIGHTS

NSW

Over $750,000 SOLD $815,000

7 Park Road

MARRICKVILLE

NSW

Over $1,150,000 SOLD $1.361m

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Auctions Sydney

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