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As seen in the Source link, written by news.com.au on 2019-12-01 16:06:09

A family moving back to Australia from New Zealand fought off two other keen bidders to win the keys to an East Lindfield property last weekend.

Almost 80 groups inspected the immaculate four-bedroom home on a 1201sqm block with prized north-to-rear aspect, in the lead up to the poolside auction.

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Tim Fraser, of Di Jones North Shore – Wahroonga, said all three registered bidders were keen to buy 94 Wellington Rd, which had a price guide of $3 million.

“We had a bit of a cheeky start at $2.6 million,” Mr Fraser said.

Auctioneer Rob Ward guided the bidders to $3 million, when two dropped out.

The remaining buyer showed plenty of determination, bidding against himself twice to secure the home for $3.18 million.

“The home was beautifully presented – it was a credit to the owners and I think that was reflected in the sale price,” Mr Fraser said.

He said the buyer, whose wife was yet to see the property in person but had seen the video and had family members show her through using a mobile phone, was delighted with the purchase.

“We have a very happy vendor and a very happy buyer,” Mr Fraser said.

To top it off, the result was the upper north shore’s highest reported auction result, according to realestate.com.au data. It also caps off a strong month for Mr Fraser, who has notched up a number of top auction and private treaty results.

Big bucks in Willoughby

A Willoughby home that was passed in at auction sold within a matter of days for the week’s top reported private treaty sale result.

No. 45 Artarmon Rd sold for $3.209 million, realestae.com.au has reported.

John McManus, of McGrath Willoughby, said 129 groups inspected the home in the lead-up to the sale.

The renovated four-bedroom home has a European style and includes a mosaic pool, and extensive use of marble and travertine.

“It’s a beautiful home, it’s probably one of the best homes in the area,” he said.

“The workmanship is second to none.”

He said the home had been passed in at auction, but there were buyers waiting in the wings who had not had the time to finalise finance.

He said the auction campaign was proving highly effective in current market conditions, as it motivated buyers to make a move.

Mr McManus expects to be running auctions right up until mid-December.

“The last auction is on the 14th,” he said. “It’s (the market) going later this year and it will probably come back earlier next year.”

New home for ex-pats

A family returning from Japan is the latest in a line of ex-pats positioning themselves to come back to Australia ready for the new year.

They have bought a house in one of the most tightly held north shore suburbs for freestanding houses.

Justin Ferguson would not reveal the sale price for 77 Amherst St, Cammeray, but it is believed to have sold for more than its $3.5 million guide.

Mr Ferguson said 120 groups had inspected the home.

“It has been beautifully renovated,” he said. “At the end of the day we had two strong contenders and it sold to an ex-pat family returning from Japan.”

He said there were plenty of ex-pats, particularly from China and Hong Kong, looking to buy properties on the north shore.

“I’m the busiest I’ve been in December for many years,” he said. “My last auction is set for December 12 – it could mean there is a busy summer ahead.”

Land hunters pounce

A deceased estate in Killara looks set to become the site for a new home after it sold under the hammer on Saturday for a cool $2.7 million.

The sale of 67 Springdale Rd, Killara, was this week’s the third top auction result.

The result didn’t come as a huge surprise to marketing agents Don MacLennan and Sophie Su, of Chadwick Real Estate Turramurra, St Ives, Killara.

“There is a very high demand for land in the area,” he said. “All of the bidders were looking at it as knockdown, now or in the future.”

Most were young families and aspiring renovators, drawn to the 1252sqm block overlooking Killara Park. The fact that it was not in a conservation zone was another big attraction, Mr MacLennan said.

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