COVID-19 auction elbow room inviting serious auction buyers

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10 Gum St Greystanes.

Western Sydney agents are reporting a decrease in open home numbers but busy auctions attended by more people keen to buy.

The spectators are sitting at home and allowing potential buyers space, according to Starr Partners Pemulwuy director Matthew Carpenter, who said the current environment still allows investors to continue with their property buying plans, albeit with a few precautions in place.

MORE: Auctions set to continue despite new measures

New coronavirus rules at opens

COVID-19 auction elbow room inviting serious auction buyers capi e5430ab067fe809503947eada37f50b5 62dbdf8a5fb9d958d8b0083863af100e

10 Gum St Greystanes.

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Wooden floorboards throughout the living room at 10 Gum St Greystanes.

“We had 15 serious bidders at a Greystanes auction take the property $100,000 over reserve and all that attended were happy with the distancing policy, hygiene and we disinfected everything and even through out the pens,” he said.

“If anything, the open home numbers are down and people that are at auction want to buy … at this stage people making decisions based on their life plans rather than anything else.

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Good backyard for the kids.

“At the end of the day remote auction facillites are there and I think they will be only called upon if the government decides to shut auctions down … in the background there has always been remote services like docusign or gavl.”

The three-bedroom Greystanes property, 10 Gum St, (above) sold at auction for $816,277. The home sits on a block of land sized 562.8 sqm and features an updated kitchen and bathroom and covered balcony.

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22 Iain Cr Chester Hill sold for $755,000.

The three-bedroom home on a DA approved duplex site on 689 sqm at 22 Iain Cr Chester Hill (above, below) sold just above reserve for $755,000 to a mum and dad chipping in to buy their two kids a home.

Century 21 Innovative Realty agent Con Psirakis had six registered bidders at weekend auction and 13 groups of ten during the entire campaign, which saw inspections numbers dwindle as more people began taking measures to avoid open homes.

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Decent backyard at 22 Iain Cr Chester Hill.

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Overlooking the quiet and suburban Iain Cr.

“There has been a drop off on open homes but that’s across the board if a property is priced well at the moment you only get genuine buyers, not just tyre kickers.

“With three straight interest rate cuts plenty of people looking to buy and some bargains out there to be found.

“Prior to auction we had around 20-25 inquiries, mainly because it was a duplex site and there are a lot of builders looking at developments at the moment,” he said.