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How it sold

Today

The three-bedroom, one-bathroom terrace house at 6 Cook Street in Sydney’s inner-western Glebe sold at auction for $2,151,000.

Serious buyers are out there – they’re just not hurrying

In a sign of how much the market has turned, the vendor of this Sydney property waited until the final week of a four-week campaign before the buyer appeared.

  • Michael Bleby

This Month

The three-bedroom apartment at 25/16-18 Harrison Street in lower north shore Sydney’s Cremorne sold at auction for $1.93 million.

An $8000 reno adds $300,000 to sale price of Sydney unit

In a lower north shore suburb with plenty of one- and two-bedroom apartments for sale, one vendor found a cheap way to attract downsizers with a third bedroom.

  • Michael Bleby

June

Benefiting from a hot market: The four-bedroom home at 9 Gibsonville Street in the Gold Coast hinterland suburb or Tallebudgera Valley sold at auction for $2.25 million.

Vendor gets $2.25m for house he won in $15 lottery

The owner of a Gold Coast hinterland mansion didn’t have to fork out for it in the first place. And when he decided to leave, the profit was all his.

  • Michael Bleby
The two-bedroom apartment with wrap-around verandah at 3/1 Hawkstone Street, in Perth’s Cottesloe sold off-market $1.65 million.

There’s still a market for expat boltholes

Australians stuck overseas during the pandemic are keen to secure property in the place they call home. But vendors also have to contend with a weaker market.

  • Michael Bleby
Down, and counting: The three-bedroom, one-bathroom terrace house at 57 Liverpool Street in Paddington sold prior to auction for $4.15 million.

The choice vendors face in a falling market

Conditions are changing fast for owners wanting to sell. But there is an extra dynamic in the market right now.

  • Michael Bleby
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The three-bedroom federation home on 335sq m at 386 Riversdale Road in inner eastern Melbourne’s Hawthorn East sold for $1.38 million at auction.

Neighbours cut 17pc off vendor’s sale price

Timing is everything in real estate, and when the moment passed – twice – one vendor had to go it alone, for less.

  • Michael Bleby

May

The four-bedroom house at 2 Thomas Street, in Melbourne’s inner-eastern Camberwell, sold for “just over” $2 million a week after passing in on a vendor bid of $2 million.

Sells for $2m – but worth $1.9m a week later?

A weakening market forces vendors and agents to be realistic – especially when it’s a house that has a lot of competition. And a bus stop in front.

  • Michael Bleby
The four-bedroom house at 85 Mona Vale Road, Pymble in Sydney’s upper north shore sold prior to auction for $1.92 million. 

Rate rise pushes young buyers out of the market

The vendor of a Sydney home saw her family buyers disappear after the Reserve Bank’s interest rate rise, leaving only a downsizer in the running.

  • Updated
  • Michael Bleby
The couple that sold the house at 57 Tusmore Avenue in Leabrook in Adelaide’s eastern suburbs for $2.1m in 2014 bought it back again early in 2022 for an undisclosed price ‘in the very high $2 million range’. 

Couple buy a house that they sold eight years earlier

A tree change that had scratched its itch and intel from the pool guy that their home was back on the market prompted an unusual move.

  • Michael Bleby
The three-bedroom house at 23 Turner Ave, Haberfield in Sydney’s inner west sold at auction for $5.8 million.

House sells $600,000 over reserve in falling market

The vendors of this Sydney property were concerned how buyers would respond to their smaller-than-usual family home. They needn’t have worried.

  • Michael Bleby
It hasn’t been through a snow season yet: Marketing render of the house at 3 Whitehorse Road in Mt Buller that sold in December for $2.95 million.

Can’t buy on the coast? Go to the mountains

The demand for Australian holiday homes in a world living with COVID-19 is boosting demand for alpine property. It’s still cheaper than the beach.

  • Michael Bleby

April

The two-bedroom apartment in Sydney’s Museum Towers at 72/267-277 Castlereagh Street sold for $925,000.

‘We didn’t let him know he was the only bidder’

In a softening market, an agent had to walk the line between a vendor with unrealistic price hopes and a buyer who wasn’t present at the auction.

  • Michael Bleby
The five-bedroom, double-storey house on 771sq m at 13 Wilshire Avenue in southern Sydney’s Cronulla sold by private treaty for $4.927 million.

‘There’s money in the shire, it’s crazy’

Many families in the southern Sydney suburbs have built up equity in their first home. Now they’re all trying to use it.

  • Michael Bleby
Pizza’s out: The commercial property on 471sq m known for decades as the Queens Park Pizza shop at 205 Darley Road in Sydney’s Randwick sold at auction for $4.25 million.

‘The market’s outpaced the developers’

Vendors’ expectations have risen so much in Sydney that the premiums developers offer for sites no longer look attractive to many.

  • Michael Bleby

March

The 3-bedroom house at 35 Jacobson Avenue in southern Sydney’s Kyeemagh sold at auction for $2.45 million. 

After 10-year wait, grandmother buys across road from daughter

A house in Sydney’s southern suburbs attracted two very different types of buyer – but only one had the financial power to keep going in a long-fought auction.

  • Michael Bleby
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The four-bedroom Tudor-style family house on 575sq m at 1a Brookfield Court in Melbourne’s Hawthorn East sold prior to auction $3 million.

Can’t find a buyer? Change your target market

The vendor of a large house in Melbourne’s leafy suburbs intended to sell to developers, but when that didn’t work, targeted a very different market.

  • Michael Bleby
The renovated five-bedroom house at 48 Walker Avenue in inner-western Sydney’s Haberfield sold prior to auction for $3.3 million.

House with tunnel under backyard chalks up $1.2m gain

The completion of Sydney’s controversial WestConnex tunnel has cleared up much of the uncertainty for buyers that dogged sales during construction.

  • Michael Bleby
The two-bedroom 1960s shack at 53 Otago Road, North Beach in regional SA’s Wallaroo sold at auction for $930,000.

The asbestos shack that went for nearly $1m

The sales agent did not even know where this house was initially, but he generated enough interest from people who did know it to secure a large selling price.

  • Michael Bleby

February

Vendors and buyers ‘travelling on different tracks’ in new year market

The new year – with rate rises and an upcoming election – has buyers more cautious on price, while owners still have expectations at pre-Christmas levels.

  • Michael Bleby

December 2021

The four-bedroom home on 1211sq m at 500 Arthurs Seat Road at Red Hill on Victoria’s Mornington Peninsula sold at auction for $3.22 million.

‘At no time did anybody feel misled,’ says agent who sold $3.2m home

Marty Fox says the ‘heat of the moment’ meant he called a house on the market only when it was half a million dollars over what he says was the reserve price.

  • Michael Bleby