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As seen in the Source link, written by on 2019-11-09 18:43:21

House hunters wasted little time buying across Sydney today, on what was the last auction day to buy and settle before Christmas.

With 46 sleeps until the big day and a standard 42 day settlement period in NSW, those who buy from next week will have to wait until 2020 to move into any home they buy for the rest of the year.

Across Sydney there was plenty of strong results from around the 600 auctions that took place, including in Concord West where a suburb record was broken by 22 Mackenzie St.

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It sold under the hammer to a local buyer for $325,000 above the price guide at $3.325 million.

The price is $75,000 more than the previous Concord West record that was set in 2017 by 74 Consett St, according to CoreLogic data.

DIB CHIDIAC director Dib Chidiac said there were six registered bidders on the day, with most coming from the local area.

“This is a high end home and many buyers knew this was an opportunity to bag something that doesn’t come up all that often,” he said.

It was a strong day for Mr Chidiac, who also had 14 bidders compete for a blank canvas at 16 Elphinstone St in Cabarita that sold for $400,000 above reserve.

In Eastwood, a developer paid $220,000 over reserve for a four-bedroom Eastwood weatherboard home described as offering “lots of potential”.

The buyer, who paid $1.97 million for 11 O’Keefe Cres, was up against six other bidders in an auction full of heated competition, including from one party who lived across the road.

Cooley Auctions auctioneer Michael Garofolo said the bidders were full of confidence and did not hesitate to bid in a manner the market saw only months ago.

Sold through Anthony Trees First National’s David Middleton, the developer is looking to explore his options, including the possibility of building a duplex on the 765sqm block.

A family looking in Yagoona paid $180,000 above reserve at $960,000 for a three-bedroom home after they finally found a home they all liked.

They faced stiff competition to seal the deal, with there being 19 other registered bidders looking to claim the Cooper Rd home that was being offered for the first time.

Ray White Bankstown’s Jessie Dahdah, who sold the home with David Tran, said the successful buyer set out to the buy the property no matter how much he had to pay.

“This was the first home the whole family liked, so they were prepared to do anything to make sure it was theirs,” Mr Dahdah said.


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