FinanceSMH.com.auMid-century modern Clontarf house fetches $4.25 million
A mid-century modern home in Sydney's Clontarf sold for $4.25 million at auction, $325,000 above reserve, despite Sydney's overall clearance rate sitting at a weak 49 per cent.
Four parties made bids for the striking home with timber beams and exposed brick, pushing the price $325,000 above reserve.
A striking five-bedroom mid-century modern house in Clontarf sold at auction for $4.25 million, well above its $3.925 million reserve, despite a soft Sydney market.
Eight parties registered and four competed, with the winning buyers, a young couple from the lower north shore, paying $325,000 above reserve for the harbour-view home.
Sydney's preliminary clearance rate held at 49 per cent in the first week after the RBA's fifth rate rise, suggesting many buyers had already priced in the increase.
Sydney's preliminary auction clearance rate was 49 per cent last week, the first result after the RBA's fifth rate rise, suggesting buyers are still cautious overall.
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