Northern beaches buyers are not shy when it comes to online auctions, or coming in strong with big offers to secure their dream home.
One of the biggest sales for the week came from the online auction of a five-bedroom house at 12 Cutler Rd, Clontarf.
The property sold under the hammer for $3.701 million. Ray White Seaforth principal Mark Griffiths said that the winning bidders were a family who had recently relocated to the area from Bronte, and had been waiting for the right property to pop up.
The only saw the property for the first time at 3pm the day before the auction.
“The vendors bought it two years ago for $2,800,000, so they were very pleased with the return of more than 30 per cent in that time frame,” Mr Griffiths said.
He said the auction was scheduled for the previous Saturday, but they pushed it back in the hope that the Covid lockdown would have been lifted.
“As soon as we heard that the lockdown was extended, we stayed strong and pushed ahead,” Mr Griffiths said.
“The online auction process is really easy, and our auctioneers now have it down pat.”
Clontarf’s median house sale price has grown by 43.8 per cent in the past 12 months, according to realestate.com.au’s latest Market Trends report.
The suburb’s median house price is now $5.05 million.
An impressive home in one of Seaforth’s most sough-after streets won’t be keeping its date with the online auctioneer.
No. 20 Grandview Grove, sold after just nine days on the market, through Maria Cassarino and Lauren Sudol, of Stone Real Estate Seaforth.
It was the first time the property had traded in more than 30 years, according to CoreLogic.
Features of the home include a flexible floor plan ideal for family living, a rear-to-north aspect, manicured lawns and gardens, multiple terraces on both levels and a four-car garage.
Seaforth has gone from strength to strength during the Covid lockdowns of 2020 and 2021.
The Market Trends report shows the suburb’s median house sale price has grown by 38.4 per cent in the past 12 months to $3.26 million.
Along with other prestige areas like the lower north shore, the northern beaches is also caught in the grip of a severe stock shortage.
There are currently just 407 properties listed for sale on realestate.com.au, less than half of them houses.
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