BUYERS have had to negotiate with agents and vendors to score their dream homes in the southeast over the weekend.
It was a happy weekend for one first home buyer in Randwick who had to negotiate with agents before snapping up an art-deco unit at 5/1 Stark St for $805,000 after being passed in at auction.
According to selling agent Harrison Jones of McGrath Coogee, there were three interested buyers and a lot of interest came from first home buyers who liked the location and layout of the home.
“The unit has a lovely flow to it because it is naturally lit and it has a north facing dining and kitchen area,” he said.
Mr Jones said the unit is unique for its 79sqm size.
“You don’t usually get one-bedroom apartments with a garage for that size,” he said.
Another property that saw an interested buyer strategise with agents was a five-bedroom house at 15 Anderson St in Kingsford.
With a price guide of $2.38 million, the double brick home sold for $2.5 million to an out-of-area buyer who negotiated a sale price prior to auction.
Selling agent Veronica Perez of PRDnationwide — Perez Real Estate encourages buyers to negotiate prior to auction.
“I think it is important for buyers to put in a strong offer prior to auction because owners will then consider it,” she said.
“I think buyers are a little shy at the moment.”
A downsizer ended up bidding $100,000 above reserve to buy a period home in Randwick for $3.1 million.
Having been in the same family for 70 years, the four-bedroom home at 4 Silver St saw three registered bidders at auction and was the top sale this week, according to CoreLogic.
“Once we got the first bid of $2.9 million there was a generous crowd of 45 to 50 people there,” said selling agent Jason Black of Black Lifestyle Property Randwick.
“Bidding went up in increments of 25s until it reached $3.075 million and then it died down until we reached the $3.1 million mark,” he said.
The home dates back to the 1920s and Mr Black said its period features were a key selling point for interested buyers.
The auction came down to two confident bidders who were keen to take advantage of the light rail, upgraded transport system and single-level plan.
Overall, the southeast had a solid week on the auction front, with a clearance rate of 72.09 per cent and forty-three properties going under the hammer.