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Auctions

The auction market is stronger than last spring as lower interest rates boost buyer confidence, but slipped over the past month.

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The dilapidated three-bedroom home, which the agent thought was “too much work” for many buyers, soared past its reserve.

The bluestone Georgian residence and the adjacent apartment block in a sought-after spot managed to draw only one bid at auction.

A first-home buyer couple with a baby on the way won the keys to a $1.3 million two-bedroom unit in the suburb at auction on Saturday.

A small apartment in Thornbury sparked a quick-fire bidding war, selling for well above its reserve at $437,000 to a first home buyer.

Seven buyers registered, all with big dreams of turning a deceased estate with uninterrupted views and a top position into a trophy home.

The home passed in and eventually sold to the only bidders, a young couple with two children, who negotiated the sale.

The Lindfield home already comes with four bedrooms and a pool, but a buyer paid $3.76 million at auction on Saturday just to knock it down.

For sellers, setting a deadline creates competition among interested parties – but there are advantages for buyers too.

Five young families competed for an estate with swimming pool and tennis court, though the real drawcard was its access to schools.