The buyer hopes to flip the Sydney home, described by the agent as having ‘good bones’ but in need of ‘so much work’.
92 Goodsell StreetThe auction at 92 Goodsell Street drew a strong crowd as the property hit the market for the first time in 60 years.It was one of 540 homes scheduled for auction in Sydney on Saturday. By evening, Domain Group recorded a preliminary clearance rate of 79.0 per cent from 377 reported results, while 52 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.
The winning bidders at 92 Goodsell Street, St. Peters, hope to flip the property, selling agent Kate Ferrante said.Adrian William’s Kate Ferrante said although it was a standout result, it should give future sellers and buyers confidence in the market. The week’s commentary from the Reserve Bank – holding the cash rate steady and being patient before making any moves up – meant buyers still felt the market could continue to rise, she said.“There’s still healthy competition and the threat of an increasing market is still there. This is a result that shows people are still looking to buy.”The St Peters median house price was $1,634,500 over the 12 months to December, on Domain data.
Three parties registered to bid on the 89-square-metre property, enough to get the auction started at $1.15 million.
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