Sydney Auctions: Buyers got the keys to houses in southern Sydney after high bids

A bidder scored a goal in an auction in southern Sydney when she accidentally bid on herself when she was being announced as the new owner of the property.

Since the bid has exceeded the reserve price by $300,000, her mistake meant that she had to pay a higher price for the Oatley house unnecessarily on Saturday.

Final price Famous avenue The price of the house was $1.62 million, compared to her previous bid of $1.619 million. The final bid of the bidder was $1.618 million.

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The surprising result was the culmination of a fiercely competitive auction with 19 other bidders. Approximately 70 spectators gathered to watch the first house auction in 50 years.

Many bids are completed within a few seconds, and some bidders raise their placards to make an offer at the same time.

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The buyer was making an extension to a house in Revesby and could not comment, but it seemed that she had misunderstood the leader of the house, which led to two bids.

In Sydney auction houses, the occasional case of registered buyers bidding is that there are a large number of bidders and the bidding pace is fast.

Matt Brooks, Ray White’s George River sales agent, said there were more bidders than expected and the price was “high”.

A better-conditioned home in a larger block across the road sold for $1.425 million in December. Mr. Brooks said the house sold on Saturday was very popular because the plot could not be rebuilt into a duplex.

The Renown Ave house is for the first time in 50 years.

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The buyer bid for the last two bid prices at the same time.

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Mr. Brooks said: “There is a lack of such houses in the area, and many people think they have more opportunities because they will not compete with builders or developers.”

Richard Bailey, the son of an elderly seller, said that when his family began planning to sell the house in January, he had expected the house to sell for approximately $1.2 million. “We heard that more than 100 people participated. The job of the agent is really amazing.” Mr. Bailey said.

Another family member said she was surprised by the buyer’s two consecutive bids. “Oops. Well, if she wants to provide more, that’s great,” she said.

Andrew Cooley, an auctioneer at Avenue Auctions, said Oatley is one of the most popular suburbs in the current booming market because it has fewer built-ups than the surrounding areas.

Relatives of the seller, son Richard Bailey (Richard Bailey, left), Tom Gibbs (Tom Gibbs), Madisonison Bailey (Madisonison Bailey) and Lacey Sheldon (Lacey Sheldon) (7 ).

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“It still feels like you are in a country town. People like that,” he said.

Mr. Curry also smashed a hammer on a house. Leumeah St In Cronulla. It sold $4.7 million through an agency’s agent Jill Yankos, which is $500,000 above the reserve price.

In the inner west, a multi-storey house on the Bay Run circuit in Drummoyne was sold at auction for $6.175 million.

A crowd of about 70 people watched the scene of two of the five registered bidders fighting side by side against the backdrop of the bay scenery. Henry Ocean Drive.

Ray White-Drummoyne’s agent Chris Wilkins got interest from foreigners in Singapore, but the local family asked for the keys, which ended the two-year search for a new house.

112 Henley Marine Drive in Drummoyne sold for more than $6 million.

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Mr. Wilkins said: “They have been searching since mid-2019 and have spent some time finding what they really like.” “We also attracted people who had never seen the property or only inspected it the day before. Buyer’s interest.”

In the east, investors have revived in apartment sales.

The two-bedroom apartment on Clara St in Randwick attracted more than a dozen bidders, half of whom were investors. The unit was sold for $1.035 million, which is $135,000 above the reserve price. This is one of multiple unit auctions, in which at least half of the bidders are investors.

7/2 Clara Street in Randwick attracted twelve registered bidders.

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Adrian Bo, the sales agent of NG Farah, said that investors who have been at a standstill most of the time since the outbreak of the COVID pandemic are competing for real estate again due to the expected substantial capital gains. Bo Xilai also sold a house on Coogee Dudley St for A$5.3 million.