The “immaculately preserved” three-bedroom home last sold for $2.25 million in 2019, records show. It was one of 750 auctions scheduled at the weekend.
A Mona Vale vendor dropped their reserve to accept an offer of $2.76 million.An elegant three-storey Victorian terrace in Surry Hills sold for $3.7 million in a hotly contested auction on Saturday.
BresicWhitney Inner East selling agent Michael Kirk said the confident bidding, between all owner occupiers, was a testament to buyer demand in Surry Hills. Sixteen registered to bid and six made offers before a crowd of 100. The home was guided at $2.1 million. Bidding opened right on the guide of $2.4 million and a $200,000 first bid took it to $2.6 million, then six additional bids ranging from $10,000 to $100,000 took the final price to $2.76 million.
“You wouldn’t really know if someone was under financial stress because people are still getting better prices than nearly 2021 in the peak,” he said.The buyer was a growing family upsizing from a townhouse in Balgowlah that they had sold in the same week.AMP’s chief economist, Dr Shane Oliver, said the weekend clearance rate of 67.7 per cent showed the market was hanging in there with modest price growth.
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