Tag Archives: sales

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.

$1m for a knockdown

Published in The Sunday Telegraph on March 17, 2013

Nice little article posted in yesterday’s Sunday Telegraph – $1m for a knockdown – featuring yours truly, regarding the amazing auction of 47 Underwood Road, Homebush for $1,035,000.

Happy reading!

$1m for a knockdown

Considering selling? Now could be the time to act!

Sydney's auction clearance rates remain strong!

Sydney’s auction clearance rates remain strong!

Published March 12, 2013

If you are unsure of when to sell your property this could be the time to act, as highlighted by Sydney’s recent auction clearance rates.

The clearance rate of 72.7% for the weekend was significantly higher than the 56.6% of properties sold in the corresponding weekend last year, as reported by Australian Property Monitors.

This past weekend marked the third week in a row for auction clearance rates above 70%, and analysts forecast a return to strength in the market not witnessed since 2010.

Want to get the ball rolling? Get the most out of your investment with the help of Sydney’s hardest working agents Richard Baini and Matthew Everingham. For your obligation free property report and expert advice call the team today on 9642 4288.  Their goal is simple; make every client a client for life, which is clear from their growing number of client testimonials, which they invite you to read here.

Yes, you heard right, it sold $355k above the reserve price!

Auction sale a massive $355,000 above reserve price!

Auction sale a massive $355,000 above reserve price!

Published March 9, 2013

A 13.41 metre frontage didn’t discourage the seven spirited bidders that competed for this property.  47 Underwood Rd, Homebush, a modest house with a reserve price of $680,000, sold under the hammer for an impressive $1,035,000.  That’s a massive $355,000 above the reserve price!  This is one of many landmark sales by the team at Richard Matthews Real Estate, who consistently achieve strong results.  So if you are considering selling your property it would be wise to contact Sydney’s hardest working agents at RMRE, for the attention and result you deserve.  Call 9642 4288 or click here

Rain or hail Richard Matthews Real Estate always shines!

Published February 25, 2013

February 23 was a dreary Saturday, hardly auction weather.  Yet despite the heavy rain keen purchasers attended Richard Matthews Real Estate’s Auctions.  The result? All three Auctions ending in fantastic sales results, courtesy of a stellar sales team.  The day started at 27 Lennartz Street, Croydon Park, a house attracting 16 registered bidders.  After much spirited bidding the hammer came down at $1,010,000, an impressive $60,000 above the reserve price.  Next a Torrens Title home at 34a Scott Street, Punchbowl attracted a lot of interest with four parties actively competing to the final sale price of $630,000.  The third and final Auction sale of the day, an apartment at 129/14-16 Station Street, Homebush that the team sold for $447,000, much to the Vendor’s delight!

Selling? Contact Sydney’s hardest working agents at Richard Matthews Real Estate, where the results speak for themselves. Call 9642 4288 or visit www.richardmatthews.com.au

The first of three Auction sales of the day!

3 Auctions = 3 Sales

Strathfield leads the way

Interesting read! Sydney’s land values are soaring, with Strathfield growing the fastest…740153_10151469077582018_697175000_o

New grant for new homes!

Attention all vendors and purchasers of new property, a major change is commencing this October!

NSW first home owners purchasing a new home will be eligible for the $15,000 First Home Owner Grant (New Homes), where the contract date is on or after October 1, 2012. Eligible first home owners can receive the grant regardless of their income or the area in which they are planning to buy. However, there is a cap placed on the value of the home. For further information on caps and eligibility visit http://www.osr.nsw.gov.au/

To discuss your unique property needs contact Richard Matthews Real Estate, Sydney’s hardest working agents, on 9642 4288 or visit www.richardmatthews.com.au

Buyers Spring into action!

Spring has certainly sprung and just as Sydney’s weather is heating up so too is the prestige property market. Buyers are encouraged to act now as competition is set to intensify.

Sydney’s median house price has jumped 1.4 per cent in six months and according to Andrew Wilson at Australian Property Monitors, the market was ”in the best overall shape for years”. Dr Wilson expects the prestige market to ”tick upwards” over spring, helped by the recent lift in the sharemarket.

Head of Investment Strategy and chief economist at AMP Capital, Shane Oliver said the evidence was starting to build, with auction clearance rates, prices and housing finance commitments ”trending up”. ”Life should be a bit better for sellers, but buyers should expect a bit more competition,” Dr Oliver said. The aim is to buy as soon as possible because he expects prices to rise during spring.

Another factor sparking increased competition is the $7000 First Home Owner Grant for established homes ending September 30, with the $15,000 grant for new property starting October 1.

Interest in Sydney’s prestige market has been solid, with midweek open-home numbers for properties in the $2.5 – $3.5 million range attracting between 30 and 50 groups.

If you are considering buying or selling, now is the time to spring into action! For the attention and result you deserve contact Sydney’s hardest working agents at Richard Matthews Real Estate on 9642 4288 or visit www.richardmatthews.com.au

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