Published Monday November 18, 2013
Sydney’s auctions are running hot this spring with the latest clearance rate another strong result at 80.6%.* Richard Matthews has had an Auction Timetable jammed with vendors keen to take advantage of these eager buyers. Properties have been so popular many have been snapped up prior to auction, such as the unit at 48/8 Wallace St, Blacktown, which sold the day before the scheduled auction. The team has sold numerous units in this block, three in the space of just two weeks. Then on Saturday the team set a new record price for the block with the auction sale of unit 50 for $345,000.
Richard Matthews have been successfully selling property across the whole of Sydney. The suburb of Croydon has been bustling with activity. On November 2nd the team sold a two bedroom, one bathroom apartment at 7/148 Edwin St North for $593,500 eclipsing the reserve price by $33,500. 5 Badminton Road sold prior to auction for a massive $1,510,000. Most recently a modest three bedroom, one bathroom bungalow at 26 Scott Street sold at auction for $1,051,000.
Demand for quality property is high in this seller’s market. This could be your optimum time to sell. If would like to know what your property could be worth, or would like exclusive news on properties about to hit the market contact Richard Matthews Real Estate online or on 9642 4288. Directors Richard Baini and Matthew Everingham are your friendly property experts who love to give their clients the attention and result they deserve.
*Figure source: Australian Property Monitors, Dr Andrew Wilson, November 16, 2013.