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|
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|
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.