Every now and again sales happen that demonstrate a complete reset in a given marketplace. Two such recent sales in Northbridge.
Alon Beran and Aaron Del Monte of LJHooker Double Bay recently assembled 4 registered bidders to compete on 12 Baringa Rd, Northbridge. Multi-award winning real estate auctioneer Clarence White of Menck White Auctioneers called the real estate auction selling under the hammer for over $7m.
This sets a new benchmark for homes with no water frontage or outstanding view. This certainly demonstrates the growing strength of the Sydney property market as values rebound rapidly after period of correction. Clearance rates are hovering in the upper 70s and average registrations are high, underlining strong competition at auctions at the current time.