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The first home buyer is moving from Newcastle into this architect-designed building which has direct lift access to an IGA.
A first home buyer moving to Sydney from Newcastle paid $975,000 for a two-bedroom apartment in Alexandria at auction on Saturday. , with all active.
Bidding opening at $850,000 followed by increments of $10,000 and $5000 before the hammer fell and the property sold. There is no legal requirement for a vendor’s reserve to be in line with their property’s price guide. The underbidders live locally and were hoping to upsize from a one-bedroom apartment. They had made a pre-auction offer of $900,000 but the vendors, who have already bought elsewhere, chose to proceed to auction.
The open-plan kitchen and dining space includes a built-in laundry. While it comes with a car space, you don’t need to leave the building to do the grocery shopping. The new owner was attracted to the size of the 95-square-metre apartment, which includes a north-facing balcony, as well as the proximity of the IGA supermarket, which is in the building.had created further “cautiousness” in the market.
However, she said some buyers still saw opportunity given current market conditions.. Some buyers think they can wait because it feels like is continuing to go down but if they wait, those quality homes may not be there. ”In Baulkham Hills, a young family won the keys to a three-bedroom home, paying $140,000 above the reserve.opened at $1.3 million, followed by two bids of $50,000, and then increments of $10,000 and $5000 until the property sold for $1.59 million.
Seven parties registered to bid for the property, which had a guide of $1.4 million and a reserve of $1.45 million, with four active. The successful bidders were a local young family who plan to rent out the property before renovating. The vendor is going into aged care. Sales agent for McGrath Castle Hill, Jamie Benjamin, said buyers were attracted by the location, close to transport and schools, rather than the house itself.
“Most ruled it out because the property was not, essentially, liveable,” he said. “But it’s a classic family location. ”
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