Updated: Feb 3, 2020
It wasn’t just the temperature that was hot this weekend. Super Saturday certainly kicked off with heat as home buyers battled it out amongst temperatures in the mid 30’s in the Inner West suburb of Alexandria.
The result showed the market was well and truly back in 2020 with no signs of cooling.
Vendor Tim Daly announced the sale on Facebook "Alexandria sold this afternoon for $960,000. An excellent result!"
The onsite auction was conducted by Simon Jaeger of auctionWORKS who had barely taken a breath reading the auction terms and conditions before the opening bid of $800,000 sounded. Aggressive increments of $20,000 were initially placed before adjusting to $10,000 with the hammer falling at $960,000.
Simon described Saturday's auction as a sign of things to come for 2020. At the back end of last year, we saw the Sydney market return to where it was. We saw an increase in the number of auctions being booked, and we saw an increase in the number of registered bidders at auction. If Saturday was anything to go by, not much has changed over the new year period and it’s a really exciting time for anyone looking to sell at auction.
Biller property agents offering free Iced Coffee to the 150 strong crowd who patiently waited for the auction to begin was snapped up and it just might have been the caffeine hit the buyer needed.
Sydney real estate survived its first auction day for the year with positive results. Time will tell if this weekend was just a heatwave passing through or is the Sydney real estate market back.
Written by Nic Fren
Founder | Bespoke Media Management
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