“People once thought the area was quite commercialised, and it has now become a key lifestyle suburb. More families are looking to move into the area whereas it used to be quite investor-driven.”
Barton described the market this spring as being hit-and-miss.
“We’ve been finding that it’s quite property-dependent, but if you’ve got a smart guide, there are still many buyers looking to purchase property,” she said.
Over in Frenchs Forest, young couples fought it out for a three-bedroom, one-bathroom home that sold under the hammer for $2,282,000.
The property at 4 Comeroy Crescent drew nine registered bidders and four active bidders, with tight bidding between three young couples.
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The property sold to a young couple, thought to be in their thirties, from the inner-city suburb of Chippendale.
Stone Real Estate Forest’s David Hayden said the winning couple attended the auction by themselves, with no family in attendance.
Guided at $1.95 million, the reserve was set at $2.15 million. Hayden said the reserve would have been reduced to $2.1 million if need be.
An opening bid of $1.9 million was made with bidding tight, down to $1000 increments from the $2.27 million to $2.28 million mark.
The young couple who secured the home made a final bid of $2000, which sealed the deal.
