Duplexes, apartments and houses were among the vast range of properties that sold above their reserve across Sydney this weekend.
In Sydney’s North West, there was hot competition that ended with a property-based suburb record for a three-bedroom duplex.
At 42 Halloway Boulevard, North Kellyville seven registered bidders competed for the property that sold for $95,000 over its $1.3m reserve.
Vendors Wendy Zhou and Alex Vilaykoun were upsizing after eight years of memories in the home.
“2017 is when we moved in but we purchased it off the plan in 2015,” Ms Zhou said.
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Wendy Zhou and Alex Vilaykoun and their children with Marvin Dayupay (left) and Arya Sayyah, of The Studio Estate Agents. Images: Supplied
Ms Zhou said they were happy with the result that also stirred memories of their time in the home.
“We were just reminiscing about when we moved in we were just boyfriend and girlfriend, then we got engaged, got married and had both of our kids here,” Ms Zhou said.
“It’s quite nostalgic being our family home.”
Marvin Dayupay director of The Studio Estate Agents Castle Hill said it was an amazing result above reserve.
“We had a great turn out and it’s an example of what’s happening in the market of a first homebuyer category property,” he said.
“I think a property like this is going to be very popular in the next six to 12 months,” he said.
Mr Dayupay said it was a new record for the three-bedroom duplex in the suburb.
42 Halloway Boulevard, North Kellyville
“The most recent sale is $1.37m in May, that was set by us as well,” he said.
“That’s six months there has been growth and it’s on track with what the market is performing across Sydney.”
Leading the auction was Michael Garofolo partner auctioneer at Cooley.
“It’s a new record in terms of these complexes as a lot of them are very similar like mirror images,” Mr Garofolo said.
“We’ve sold ones earlier this year.
“From the start of the year to now – the market has gone from about $1.3m to almost $1.4m.
“In terms of the result, its outstanding.”
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Michael Garofolo partner auctioneer at Cooley led the auction.
Michael Garofolo leading the North Kellyvile auction
Mr Garofolo offered some insight into the competition as well as current market.
“It’s still affordable for a young family, double storey, lock-up garage, three-bedroom, ensuite and a patch of dirt there for a dog, it ticks the boxes,” he said.
“The affordability where I’m seeing in Sydney at the moment is the $1m to $1.5m.”
A Western Sydney property with four registered bidders sold for $2.05m.
Peter Diamantidis founder and director of Ray White United Group cracked his own
street record at 66 Australia St, St Marys.
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66 Australia Street vendors Anna, her husband and son with Peter Diamantidis and Harry Towner of Ray White United Group
“We just topped the street record again,” he said.
“I have known the seller and her dad for more than 20 years and over that time I have probably sold 12 homes for this family. They are beautiful people, and they are in my database and they saw the house we recently sold for $1.91 million at 50 Australia St in
mid-May.”
Vendor Anna said she was so grateful to her parents, who initially sold the house to her and her husband in 2023.
66 Australia Street, St Marys
“I am just so thankful and grateful to my parents who have helped set us up for our future,” she said.
“My dad was a property investor in St Marys, and he has exchanged a lot of houses with Peter over the years.
“We are hoping Peter and his team can find us something now in The Hills as they have the office there now.”
An Inner East one-bedroom apartment sold $165,000 over its $1.2m reserve with the final sale of $1.36m for 103/105 Campbell St, Surry Hills.
103/105 Campbell Street, Surry Hills sold for $165,000 over its reserve
Lead agent Nick Chalipilias of Point & Bay Property said there was a mixture of investors and owner-occupiers bidding.
“There were eight registered bidders with a first homebuyer purchaser,” he said.
“The buyer fell in love with the property.”
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