Auctioneer Rocky Bartolotto at one of the many auctions that took place on Saturday across Sydney. Picture: Adam Yip.
An Oxford Falls couple paid $2.375m for a semi near the Manly beachfront at an auction that left many onlookers scratching their heads.
The buyer not only registered halfway through the auction, but had also never inspected the house until they walked past after bidding had already started. And to cap it off, the underbidder also registered during the auction after initially watching on.
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The two parties outplayed the other four bidders who were there from the start of the auction for 1 Steinton St.
No. 1 Steinton St, Manly, sold for $2.375m.
Cumminghams Real Estate agent Georgi Bates said the bizarre scene was possible due to the auction running for a marathon time of 30 minutes.
“The auctioneer and myself were shocked to have two buyers decide to join halfway through the auction,” she said.
“It has never happened to either one of us before.”
The three-bedroom semi located just one street back from Manly Beach had been owned for the past four years by a family based in the UK. They watched the event before heading to bed via video chat.
No. 1 Steinton St, Manly, was right near the beach.
The Manly-based estate agent said the buyers who paid $175,000 above price expectations plan to keep the semi tenanted for the moment while they look to renovate it.
From 1 Steinton St, Ms Bates went on to sell 15 Jamieson Ave, Fairlight, to a couple upgrading from an apartment in Manly.
The couple paid $2.175m for the three-bedroom semi-detached house after coming out on top against an expat based in Singapore looking to return to Australia.
Entry level buyers loved 54 Edwards Rd, Wahroonga.
A Wahroonga family looking to upsize in the same suburb edged out four other bidders to pay $1.4 million for a charming cottage.
The strong result was $150,000 reserve and came after more than 60 groups inspected 54 Edwards Rd during the campaign. Majority of inquires for the home came for buyers after an entry-level house in the prestigious upper north shore suburb.
Ray White Upper North Shore agent Rowan Lazar said the buoyant result comes as stock levels continue to remain low in the area.
“Anyone thinking about selling should consider listing their property now to take advantage of the competition in the market.
No. 197 St Johns Rd, Forest Lodge, had two active bidders.
The luxury terrace had contemporary stylings.
A luxury terrace sold at Forest Lodge sold to north shore downsizers for $150,000 above the reserve at $2.65m.
They edged out an underbidder from Europe, who had not been able to see 197 St Johns Rd in person due to coronavirus restrictions.
Ray White Erskineville associate director Matthew Carvalho said more than 100 groups inspected the renovated contemporary terrace.
No. 5/130 Brook St, Coogee, sold to downsizers.
The apartment is right near the beach.
Downsizers paid $1.64m for a beachside apartment that had been owned by the same family for 50 years.
The downsizers had to deal with plenty of competition over the seven minute auction, with eight other parties registering. Spirited bidding between the bidders saw the 5/130 Brook St sell for $140,000 above the reserve.
The Agency’s Bernadette Summers was not expecting so many registrations, but said the unit was attractive with it being 400m from the beach.
“With everyone working from home, it means people now want to live and work in the same area — especially if it is by the beach,” she said.
Featuring older interiors such as wallpaper and shag pile carpets, Ms Summers said the new owners plan to renovate the residence.
No. 10 Yalumba Pl, Edensor Park.
A family’s first and final bid of $1.35 million has landed them the keys to a highly sought after house near the shops at Edensor Park.
The knockout bid was a $35,000 jump from the previous highest bid placed and knocked 11 other bidders out of contention. It was also $50,000 above reserve.
Blaze Real Estate’s Blaz Dejanovic said more than 100 buyers inspected the property over the course of the campaign.
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