The successful downsizer from Cabarita outbid upsizers from neighbouring suburbs for the four-bedroom house that had $2.5 million price guide.
The sale price for four-bedroom, four-bathroom Hunters Hill house.A downsizer from Cabarita paid $3.47 million for a four-bedroom Darlington terrace at auction on Saturday, almost $1 million above the price guide.
BresicWhitney Inner West agent Chris Nunn said bidding was sluggish to start with an offer of $2.5 million made after several minutes of the opening call. Bids rose in $50,000 increments until $2.9 million and picked up at $2.95 million.Nunn said the auction result highlighted the shortage of premium homes across the inner-city and inner west.
In Hunters Hill, a local family paid $8.66 million for a home at auction, outbidding a local family from a bordering suburb and an out of Sydney buyer.An opening bid of $7 million was made after a slow start and rose in increments of $100,000 as three out of the five buyers were active. Bids dropped to increments of $50,000 but became tighter at the end with bids between $10,000 and $50,000.
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