Tag Archives: auctions

LIGHTS, CAMERA…AUCTION!

Watch our team in action with this flick of Saturday’s auction at 137 Edwin Street North, Croydon – sold under the hammer for a sensational $2.51 million, smashing the reserve by $330k!

Post-auction we sat down with our elated vendor Catherine, who gave a video testimonial.

Selling? Buying? Renting? Contact Strathfield’s Most Recommended Agents @ richardmatthews.com.au

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Psssst: the agents everyone’s talking about

Half a million above a reserve just how good is that

Richard Matthews Real Estate is the agency making waves throughout the inner west with their phenomenal sales results and reputation for first class service, but you probably already knew that.

Yesterday the Inner West Courier published a feature article Half a million above a reserve: just how good is that? reporting on the auction of 25a Wallis Avenue, Strathfield that Richard Matthews sold for $1.9 million, a stellar $500k above the reserve price. Also mentioned was the outstanding sale of a humble Californian bungalow at 8 Moala Street, Concord West that sold prior to auction for a very handsome $1,020,000.

The Sydney Morning Herald also did a write-up on the amazing Wallis Avenue auction in their article Quirky homes smash reserves and the Herald Sun featured it in the story Sydney resilient as national home values fall for second straight week.

Selling? chat to real estate gurus Richard Baini and Matthew Everingham for free, friendly advice. They would love the opportunity to assist you. Call them today 9642 4288 or visit www.richardmatthews.com.au

You can also connect on Facebook and Twitter and don’t forget to check out their many client recommendations.

Inner west’s most affordable suburbs

IMMACULATE & AFFORDABLE! 7/32-36 Short Street, Homebush

Matthew Everingham recently chat to news.com.au about Sydney’s hottest market, the inner west.  First home buyers are finding it increasingly difficult to get into the market, yet affordable suburbs still exist, such as the immaculate two bedroom unit at 7/32-36 Short St, Homebush going to auction on Saturday, April 12 at 4pm.

RP Data recently documented Homebush West, Enfield, Concord West and Homebush as the most affordable suburbs for units with median prices under $500,000.

When asked which suburbs offer the best value for apartments Mr Everingham mentioned Croydon Park, Belfield, Homebush and Homebush West.

“They’re the remaining pockets where you can find property that’s $500,000 and under. Certainly when they do come up, there is competition for them,” he said.

“They are convenient areas and there’s great accessibility to transport. The city is not too far away.

“These suburbs are surrounded by some very high end areas, say Strathfield for instance … and they are looking for areas that are accessible to where they’ve grown up and still represent value.”

7/32-36 Short Street, Homebush

AUCTION! 7/32-36 Short Street, Homebush

 

Upgraded for modern living

EXTRA, EXTRA!

Spectacular write up in the Inner West Courier on our amazing auction at 118 Homebush Road, Strathfield.  The article highlights the extensive, quality renovations that have been made to this wonderful family home,  ready for instant enjoyment.

Auction 1pm April 12, 2014

Full listing on this hot property available here.

A must to inspect!

Up for auction! 118 Homebush Rd, Strathfield

 

Buyers Spring into Auction Action

26 Scott St Croydon

BANG! ANOTHER SOLD AT AUCTION!      26 Scott Street, Croydon

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.

The sky’s the limit: why selling at auction works

SOLD PRIOR TO AUCTION! 14/98a St Georges Cres, Drummoyne

SOLD PRIOR TO AUCTION! 14/98a St Georges Crescent, Drummoyne

When meeting a client for the first time we are often asked ‘how should I sell?’ and although every client’s situation and property is unique, an auction does have key advantages over a private treaty campaign.

Firstly, unlike a private treaty sale an auction has a ‘sale date’ which creates an instant sense of urgency.  Sometimes the pressure of the looming auction date encourages a buyer to purchase the property prior to auction, often for more than anticipated.  The recent sale of an apartment at 14/98a St Georges Crescent, Drummoyne by Richard Matthews Real Estate for $910,000 was well above the vendor’s expectations.

Competition amongst Sydney buyers is fierce right now with auction results often exceeding reserve prices.  Sydney’s latest auction clearance rate on July 13 was a stellar 81%.  Over the first quarter of this year the proportion of sales by auction across Sydney was 16.1%, a considerable improvement from 13.4% in 2012.

Private treaty sales are perceived as safe, with a set price that is often printed in the advertising.  Yet if it had gone to auction there is always a chance your property could have sold for higher than expected, but you will never know.  In contrast, when a property goes to auction the sky is the limit.  The reserve price is a safety net ensuring your property won’t be sold until a minimum is reached.  If you sold at auction now, with the current market conditions and a crowd filled with keen bidders, you could be very surprised by the sale price.

Want to learn more about auctions, your property and sales performance in your local area?  Contact real estate experts Richard and Matthew today at Richard Matthews Real Estate – apply online or call 9642 4288.

Figures from RP Data.

Sydney’s auction market on fire!

SOLD AT AUCTION! 3 Young St. Croydon NSW

SOLD AT AUCTION! 3 Young St. Croydon

This past weekend the auction clearance rate hit 75 percent, a further improvement from the previous weekend’s 72.7 percent.  This result brought Sydney’s clearance rates up to an average of 73 percent over the past month, a solid rise from the 55 percent averaged over the same period last year.  Clearance rates have improved despite a rise in listing numbers compared to the same period last year.

The Inner West’s auction clearance rate of 86 percent was solid, with the team at Richard Matthews Real Estate selling a four bedroom, one bathroom Bungalow at 3 Young Street, Croydon for $950,000.

If you are considering selling your property and want the best result and highest level of attention then contact the team at Richard Matthews today.  Call 9642 4288 or visit www.richardmatthews.com.au for your free market appraisal.

Figures sourced from Dr Andrew Wilson, Senior Economist for Australian Property Monitors.