August 15, 2026 — 1:09pm
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A renovated three-bedroom terrace in Stanmore sold to a young couple for $2,636,000, almost $90,000 above reserve, at auction on Saturday.
More than 40 people gathered on the tree-lined street to watch events unfold, with 10 parties registering to bid for 18 Lincoln Street.
The property had a guide of $2.3 million and a reserve of $2.55 million. There is no legal requirement for a vendor’s reserve to be in line with their property’s price guide.
The two-storey property includes two bathrooms, a ground-floor powder room, two living areas and a kitchen with walk-in pantry.
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Bidding opened at $2.2 million, with increments varying from $30,000 and $20,000 to $10,000, $5000 and $1000. More than 40 bids were made by six parties over 15 minutes.
Towards the end it was down to two groups, a relative bidding on behalf of a young couple, and buyer’s agent Gaby Ferreyra from Scout Property bidding on behalf of another young couple.
While the relative paused to consider each bid, Ferreyra responded almost immediately to each increase, which got down to $2000, $1000 and $500 increments. As bidding came to a close, auctioneer Toby Llewellyn asked if the relative bidding for the couple wanted to make a further bid.
“I want to but I can’t,” the bidder said.
With that, Ferreyra’s clients won the keys. She said the underbidders’ increasing hesitancy was an indicator to her that she was close.
“I knew they were out [of the running for the property] a long time ago.”
Auctioneer Toby Llewellyn took more than 40 bids from six bidders over the course of the auction.Oscar Colman
BresicWhitney sales agent Blake Lowry said the strong buyer interest reflected the home’s turnkey nature and demand for more stock to hit the market.
“Buyers are looking for good properties,” he said. “Stock has been lower in this area and buyers have been on the lookout.”
The terrace is just five metres wide but includes an outdoor entertaining area, a lawn and space for off-street parking.Domain
The vendors, who were present at the auction and welcomed the winning bidders to the home, were upsizing to a house they bought in Lilyfield.
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Lowry said it was a sound strategy in this market to buy first before selling.
“People don’t want to leave good homes and risk not finding [the right property] because stock levels are low,” he said. “They don’t want to sell and be out of the market.”
The property was one of 561 scheduled to go to auction in Sydney this week. By evening, Domain Group recorded a preliminary auction clearance rate of 54 per cent from 325 reported results throughout the week, while 106 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.
In Bondi a local family upsizing from an apartment bought a home for $3.5 million at auction on Saturday when they were the only ones to bid.
Two parties registered to bid for 6 Miller Street, a three-bedroom semi, but only one was active, making an opening bid of $3.4 million.
After some negotiation, the bidder, the local family, increased their offer to $3.5 million and the home sold under the hammer. A second registered bidder, who was on the phone, was a local who had sold a property earlier in the year but didn’t bid. A third person advised at the last minute that they would not be attending.
“I had one registered bidder saying they would buy it on Monday and they missed that opportunity,” McGrath Double Bay sales agent James Ledgerwood said.
“Some buyers are sitting back assuming they will have something to negotiate post-auction.”
The two-storey property has been fully renovated and has a north-facing backyard.
The home, which was a deceased estate, had a guide of $3.5 million, in line with the reserve. Ledgerwood said more than 50 groups had been through the property during the campaign.
The Miller Street semi has a fully renovated kitchen and a north-facing backyard.Domain
Following buyer feedback, the guide was adjusted from $3.85 million to $3.5 million about 10 days before the auction.
“At $3.5 million, that’s where we got engagement with buyers,” he said.
In Pennant Hills a young couple, alongside extended family, won the keys to a five-bedroom house offered for the first time, paying $1.68 million.
The brick home at 1 Lutanda Close had a guide of $1.6 million. It had a reserve of $1.68 million.
Two bidders registered and they were both active. Bidding for the property opened at $1.65 million. After three bids of a further $20,000, $5000 and a final $15,000, auctioneer Leon Axford’s hammer fell and the property sold.
The vendors raised their family in the well-maintained Pennant Hills home, which was offered for the first time since it was built more than 50 years ago.Domain
“In the hottest part of the market it would have sold for $1.7 million to $1.8 million, but we found a good buyer willing to offer fair market value,” sales agent for Ray White Upper North Shore Nathan Leuzzi said.
The vendor is downsizing to an apartment. The underbidders were a young family searching for their first home.
“They have missed out [on buying at auction] a few times now,” Leuzzi said.
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Robyn Willis is a property reporter and the former lifestyle editor for The Sydney Morning Herald and The Age.From our partners