More than half-a-dozen buyers registered to bid on the deceased estate, which increased 34 times in value since it last sold for $375,000 in 1993.
A semi-detached house with panoramic ocean views that stretch across Bronte sold for $13 million, some $2.5 million above its reserve., which had a $9 million price guide. Five bid on the five-bedroom home connected by a common wall to its neighbour. All were families with older children wanting a lifestyle change.
The property was one of 859 scheduled auctions in Sydney at the weekend. By Saturday evening, Domain Group recorded a preliminary auction clearance rate of 67.8 per cent from 518 reported results, while 109 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.In St Leonards, a first home buyer renting in the area secured the keys to a two-bedroom unit atSeventeen people registered on the neat and tidy unit guided at $1.
“I haven’t seen that many people interested in a property for a little while. So it was exciting,” Kamal said. “The apartment itself, because it’s so convenient, had beautiful views. It did tick all the boxes, and that’s why it did attract so many buyers,” she said, noting the newly opened metro added buyer confidence in the area.In Enmore, a 1930s inner west art deco duplex onwas snapped up by an investor for $2.75 million. The reserve was $2.2 million.
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