Auction Coverage & Property Market News

The stunning period home is likely to sell within days after nearby homes have been fetching more than $4m, the agent said, with at least one interested party attending another auction at the same time.

Four bidders pushed the price $189,000 above reserve, chasing the top location and quality of the renovation work. The home sold for almost double its last sale price in 2014.

Although some parts of the Sydney market – including waterside – are still running hot, results in others are showing signs of cooling, agents say.

Owned by the same family since 1952, the house sold for $385,000 above the reserve thanks to a single strategic bid.

Five bidders fought it out for the 1960s-built brick Bulleen house, complete with vintage tiling, frosted orange glass and bright chandeliers, but a developer beat a young couple.

A dozen parties registered to bid, sending the price $425,000 higher than the sellers hoped and showing the depth of the pool of buyers willing to pay up to be in the inner city.

Some vendors have seen reports of knockout sales nearby and expect to get the same for their own place, but how long will potential buyers be willing to drop huge sums?

The property, in one of Sydney's most exclusive harbourside suburbs, had so much interest from buyers that it was on the market for only 17 days.

On a Super Saturday for auctions, vendors who had stayed put for decades were in tears as keys changed hands.

Five parties registered to bid for the home in one of the best positions on the harbour, chasing the absolute waterfront pad in a tightly held building and sending the price soaring.