Expert insights Buying More than halfpenny needed as 16% difference in Sydney auction price guidance gap
More than halfpenny needed as 16% difference in Sydney auction price guidance gap
Jonathan ChancellorDecember 7, 2020
An analysis of auction offerings across Sydney on the last weekend in August indicated that there was an 16% gap between the price guidance and the eventual higher sale price.
The 15 sales ranged from one result which was just 5% over the price guide in Surry Hills to one sale that fetched 38% or higher than the initial price guidance in Arncliffe.
During the prior August weekends the Property Observer analysis reflected average gaps of between 11% and 18%.
One of the weekend sales was 11 Half Penny Avenue at Kellyville (pictured) which was 11% higher than its price guidance.
Address | Suburb | State | Price Guide |
HUNTERS HILL | NSW | Over $1,500,000 SOLD $1.85m | |
MOSMAN | NSW | Over $650,000 SOLD $720,000 | |
NSW | Over $800,000 SOLD $1.105m | ||
WATERLOO | NSW | Over $650,000 SOLD $738,000 | |
NEWPORT | NSW | Over $920,000 SOLD $995,000 | |
SURRY HILLS | NSW | Over $750,000 SOLD $792,500 | |
NSW | Over $1,185,000 SOLD $1.322,500 | ||
ILLAWONG | NSW | Over $950,000 SOLD $1.105m | |
CHATSWOOD | NSW | Over $1,200,000 SOLD $1.415m | |
NSW | Over $890,000 SOLD $1.071m | ||
BAULKHAM HILLS | NSW | Over $1,080,000 SOLD $1.28m | |
NSW | Over $450,000 SOLD $540,000 | ||
BEECROFT | NSW | Over $1,250,000 SOLD $1.4m | |
NSW | Over $980,000 SOLD $1.2m | ||
LEICHHARDT | NSW | Over $900,000 SOLD $1.005m |
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.