Sydney auctions: record sale in Cherrybrook deemed the ‘new normal’

1 Tennyson Close, Cherrybrook.

You’ll need luck or deep pockets if you’re looking for a house in Cherrybrook.

The northwestern suburb has become one of the most tightly held suburbs in the Hills district and the few homes that are getting listed are attracting swarms of buyers.

A three-bedroom house within a short-walk of Cherrybrook Technology High School attracted 34 bidders when it went to auction on Saturday and the competition pushed the price nearly $200,000 over reserve.

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The $1.947 million price for the Tennyson Cl home was the second highest ever paid for a three-bedroom house in the suburb and auctioneer Stu Benson said it represented “the new normal”.

“While the pandemic has divided many of us, the one constant that people seem unanimous on is that investing in a home, and securing a location for your family’s future, has never been more important,” Mr Benson said. “In my 21 years in real estate here in the northwest, I’ve never seen demand so high.”





Listings data showed there were less than 15 houses up for sale in Cherrybrook. The suburb has close to 6500 homes.

Listing shortages helped sellers get high results in other Hills suburbs. In Dural, a former orchard owned by the same family for 74 years sold for $3.5 million in a late night deal ahead of the scheduled auction on Saturday.

There had been numerous offers on the acreage on Old Northern Rd but selling agent Kate Lumby of Lumby Hampson said $3.5 million was “outstanding”.

852 Old Northern Road, Middle Dural sold for $3.5m.

Further west, even more listings shortages helped sellers pocket big windfalls under the hammer.

The hopes of nearly two dozen home buyers were dashed at an auction in Blacktown when the opening bid came in above their budgets.

There were 24 bidders registered for the house on Charles St and, with the price guide near the $850,000 mark, many had been attracted by the chance to snare a home for a more affordable price.

But any chance of the home selling near the guide ended when the opening bid came in at $910,000. The home sold for $945,000.

Bidding started high for 47 Charles St, Blacktown.

“Very few of the buyers could compete with the opening bid,” said auctioneer Michael Garofolo of Cooley Auctions. “It just knocked almost everyone else out.”

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