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Buyers dominate Sydney auction market, pushing up prices – Domain News
Buyers of the property in Beacon Hill were more interested in the land than the original, four-bedroom home built on it.
Buyers continue to dominate the Sydney market with multiple offers and bids resulting in prices rise well above reserve.
This was the case for a property in Sydneys northern suburbs, which sold for a massive $600,000 above the $1.9 million reserve on Saturday.
The four-bedroom home at10 Government Road, Beacon Hill, sold under the hammer for $2.5 million, but buyers who competed were more interested in the land than the home on it, First National Real Estate Dee Whys Frank Caterinasaid.
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