The young buyers had to fend off downsizers, who were keen on the home’s internal lifts, to buy the luxury property at auction on Saturday.
Experts say buyers looking to move into a property before the end of the year have about a month left to get things sorted.A couple will trade the western suburbs for water views after spending $3.48 million on a brand-new, four-bedroom townhouse.
It was one of 764 homes scheduled to go under the hammer in Sydney on Saturday. By evening, Domain Group recorded a preliminary auction clearance rate of 68 per cent from 495 reported results, while 108 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.The auction took place in front of a 100-strong crowd. Plenty of neighbours watched on to see how much the development they had seen built would sell for.
Mardiasmo said during this time of the year pre-COVID, she would have expected a clearance rate of 72 per cent to 73 per cent. “With the whole settlement period and any other due diligence that you need to do finance ... I would say that’s a big push for people wanting to be in a new home by Christmas or by the New Year.”attracted interest from three bidders at auction. It was listed with a guide of $1.25 million to $1.3 million.