Two interesting Auctions took place on Saturday, 14 November 2009. Both Auctions saw record number of registered bidders for the respective agencies.
| 140 River Avenue, West Chatswood | |
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(2br/1ba/2ga)
This brick-veneer and run-down deceased estate saw a huge crowd turn-out at Auction and 24 registered bidders. The initial price quoted by the selling agent was around $650,000. This price guide was revised to over $700,000. The final knock-down price at Auction was $885,000. The reserve was set at $690,000. |
| 9 Terry Road, Eastwood | |
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(3br/2ba/1ga)
The initial price guide quoted by the selling agent for this property on a busy road in Eastwood was over $800,000. Prior to Auction, the agent received request for the Contract from 8 potential buyers. 2 parties did pest and building inspections. However on Auction day, there were 38 registered bidders. The final knock-down price was $1.02 million. Well above everyone’s expectations. |
About Oliver Stier
Oliver J. Stier is the Director of OH Property Group, a leading Sydney buyers agency. He studied Quantitative Economics and Finance at Cambridge University (UK), University of Toronto (Canada) and Princeton University (USA). In addition to being a licensed real estate agent, Oliver also holds the Chartered Financial Analyst (CFA) designation.
