A renovated Artarmon home attracted scant buyer interest at first, but a cut to the price guide prompted a surprisingly good result.
An Artarmon house fetched $2.66 million at auction after an investor beat four owner-occupiers.A Waterloo apartment sold for $1.35 million to a first home buyer couple.A Sydney investor paid $2.66 million for a North Shore property despite a price guide slash of $300,000 just days out from the Saturday auction.barely nabbed a nibble when it was marketed with an original guide of $2.6 million, but the sizeable pivot to a $2.
“The owner was so nervous that day that he didn’t even want to be there. The lack of buyer interest and then having to cancel the auction and reduce the price guide was a bit heartbreaking,” she said.“But to end up selling it for that amount was incredible. When we dropped the price, we got interest right away, so I feel like this shows you must work with the interest levels, and you have to be realistic.
Auctioneer Damien Cooley of Cooley Auction said a $3.75 million bid kicked off the 8.15am event, followed by largely $50,000 jumps until a local family offered $5000 to seal the deal. Selling agent Jonathan Hammond of CobdenHayson Annandale added the campaign was golden from the get-go, with 190 groups through.
Selling agent Renee Cross, of Ray White Elizabeth Bay said a young first-home owner couple secured the winning bid but was forced to pay well over the $1.25 million reserve.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Industrial property hits $300 billion and will surge ahead of offices, CBRE report showsThe value of prime industrial property is expected to surge above $400 billion over the next decade, a CBRE report says.
Read more »
All eyes on GQG co-founder Rajiv Jain; $300 million block tippedSources said Macquarie Capital’s desk, in particular, has been testing market appetite.
Read more »
Easy way I save $300 on food a weekDinner is hard in my house. We have 30 to 40 minutes max after we’ve finished work and daycare pick up to get something on the table or we are in for it with our toddler.
Read more »
Uber’s ugly truths laid bare with $300 million capitulationThe ride-share giant’s promise of urban transportation was always an illusion, built on the back of cheap venture capital money, worker exploitation and taking advantage of regulatory loopholes.
Read more »
Uber’s ugly truths laid bare with $300 million capitulationThe ride-share giant’s promise of urban transportation was always an illusion, built on the back of cheap venture capital money, worker exploitation and taking advantage of regulatory loopholes.
Read more »
Uber’s ugly truths laid bare with $300 million capitulationThe ride-share giant’s promise of urban transportation was always an illusion, built on the back of cheap venture capital money, worker exploitation and taking advantage of regulatory loopholes.
Read more »