Three minutes and two bidders was all it took for a Newtown family home to sell at auction on Saturday.
The five-bedroom house, at 70 Wells Street, had been guided at $2.5 million but rapid-fire bidding from two local families quickly pushed the sale price to $3.11 million – $360,000 above the reserve price. The home sold to a family upsizing from Rozelle, who have two children attending the nearby Newtown High School of the Performing Arts. The buyer, Ed, who declined to give his surname for privacy reasons, said they had gone close to their price limit.
Auction clearance rates in Sydney last week were 73%. Of the 696 properties listed for sale, 321 were sold and 84 were withdrawn. Additionally, the total clearance rate in NSW last week was 65 per cent.
According to Realestate.com.au, there were 1402 private sales reported in NSW last week. 326 properties sold at auction and 243 before auction.
Last Saturday Sydney Auction Top5 House
▼TOP 1. AUD$9,875,000
Address:14 Russell St, Woollahra NSW 2025
Land Size: 596 sqm
House Size: 330 sqm
House | 5 Bed | 4 Bath | 4 Parking
▼TOP 2. AUD$9,530,000
Address:223 Sutherland St, Paddington NSW 2021
House Size: 271 sqm
House | 4 Bed | 3 Bath | 2 Parking
▼TOP 3. AUD$7,750,000
Address:22 Wunda Rd, Mosman NSW 2088
Land Size: 556 sqm
House Size: 276 sqm
House | 5 Bed | 4 Bath | – Parking
▼TOP 4. AUD$6,950,000
Address:54 Bourke St, Queens Park NSW 2022
Land Size: 587 sqm
House | 4 Bed | 3 Bath | 2 Parking
▼TOP 5. AUD$6,400,000
Address:8 Ashmore Av, Pymble NSW 2073
Land Size: 983 sqm
House Size: 467 sqm
House | 5 Bed | 4 Bath | 2 Parking
Last Saturday Sydney Auction Top5 Unit
▼TOP 1. AUD$3,500,000
Address: 10/24 Birkley Rd, Manly NSW 2095
Unit | 3 Bed | 2 Bath | 1 Parking
▼TOP 2. AUD$3,100,000
Address: 201/54-68 West Esp, Manly NSW 2095
Unit | 2 Bed | 2 Bath | 1 Parking
▼TOP 3. AUD$2,950,000
Address:14/1-27 Murray St, Pyrmont NSW 2009
Unit | 3 Bed | 2 Bath | 2 Parking
▼TOP 4. AUD$2,935,000
Address:70 Elizabeth St, Paddington NSW 2021
Terrace | 3 Bed | 2 Bath | – Parking
▼TOP 5. AUD$2,500,000
Address: 29/129 Bower St, Manly NSW 2095
Unit | 2 Bed | 1 Bath | 1 Parking
