Real Estate

Hungry buyers still out to chase their dreams on upper north shore

Written by The ReReport
As seen in the Source link, written by on 2019-11-29 13:00:00

Hot auction – 21 Innes Rd, Greenwich.

Auction offerings on the upper north shore are showing no sign of slowing, with this weekend shaping up as the biggest for the month.

With just days left until the start of summer and Christmas only a few weeks away, buyers remain out in force at auctions in the hope of securing their dream home before the end of the year.

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There are 67 properties auctions scheduled to go under the hammer according to the site, well up on the previous week’s 54.

Among them is a stunning fusion of contemporary style and classic charm at 21 Innes Rd, Greenwich.

Agent James Bennett, principal of Belle Property Lane Cove, is expecting eight to 10 bidders at the 12.45pm on-site auction.

“Buyers love the style of this home,” he said.

“It’s a beautiful, spacious residence that has been exceptionally well renovated and it’s also on a large, level block of approximately 930 sqm. It just ticks every box.”

21 Innes Rd, Greenwich,

Ready for summer.

The five-bedroom home has a price guide of $3.7 million-$4 million, and will be open for inspection from 12.15pm on Saturday.

Mr Bennett said he believed the late start to the traditional spring buying season could see auctions run close to the middle of December.

His last auction is booked for December 7, but other agents have scheduled them for as late as December 21.

“In the first week of November stock virtually doubled in our area,” Mr Bennett said. “That was a late boom and there are still buyers out there looking.” chief economist Nerida Conisbee.

Nerida Conisbee, chief economist with, said strong auction numbers were supported by high search traffic to the site.

“It shows that people are getting more and more confident, which is a good sign,” she said. “I can’t see buyer activity reducing, there is a renewed sense of optimism for housing.”

The upper north shore is traditionally a highly sought-after area, particularly at this time of the year as families look to position themselves closer to private schools in readiness for the new year. And Ms Conisbee said this was reflected in the site’s search data.

“That area of Sydney does have a lot of very good schools and that is a strong driver,” she said.