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Updated October 3, 2026 \u2014 3:40pm,first published 1:12pm<\/p>\n
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Remove items from your saved list<\/a> to add more.<\/p>\n AAA<\/p>\n A two-bedroom art deco apartment on a corner block in Summer Hill sold to a young family from Bondi for $900,000 on Saturday.<\/p>\n More than 40 people packed into the living room of the 88-square-metre apartment at 2\/60 Carlton Crescent<\/a>, situated above a shop in the popular shopping village, as auctioneer Karen Harvey worked to keep track of bidders, some of whom had spilled onto one of the two balconies.<\/p>\n Nine parties registered to bid with five active. Bidding opened at $800,000, going up in increments of $10,000, then $5000 and followed by smaller bids of $3000, $2000 and finally $1000 before the hammer fell.<\/p>\n The property was guided at $810,000 to $820,000 and had a reserve of $860,000.<\/p>\n There is no legal requirement for a vendor\u2019s reserve to be in line with their property\u2019s price guide.<\/p>\n Related Article The successful bidders had focused their search on art deco<\/a> apartments and liked Summer Hill\u2019s \u201ccute neighbourhood\u201d, with one of the owners looking forward to exploring the local area while she was on parental leave.<\/p>\n The home is moments from public transport but is missing one popular element with buyers \u2013 it does not come with parking.<\/p>\n As the winning bidders, the couple were offered two bottles of champagne along with the keys \u2013 one for making the first bid and the second for making the last.<\/p>\n The underbidders were a local couple from the inner west. The vendor has held it as an investment, with records showing it last traded in 2003 for $292,000.<\/p>\n Sales agent for Belle Property Strathfield, Nancy Ying Xiong said two outdoor spaces was unusual in an apartment of this era, which was part of the reason it attracted more than 80 groups during the campaign.<\/p>\n Harvey said she was unsurprised by the interest in the property.<\/p>\n \u201cWith an art deco building, the rooms are bigger and the proportions are better, and people are looking for better value for their spend,\u201d she said.<\/p>\n The number of bidders was a reflection, she said, of a transparent campaign.<\/p>\n \u201cIf you have vendors with realistic expectations guiding the property at an appropriate level for this market, you will still drive interest,\u201d she said.<\/p>\n The property was one of 521 scheduled to go to auction in Sydney this week. By evening, Domain recorded a preliminary auction clearance rate of 53 per cent from 307 reported results throughout the week, while 87 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.<\/p>\n In Alexandria, a first home buyer moving to Sydney from Newcastle paid $975,000 for a two-bedroom apartment with parking designed by Stanisic Architects.<\/p>\n Three parties registered to bid for the keys to M601\/68 McEvoy Street<\/a>, with all active. Bidding opened at $850,000 followed by increments of $10,000 and $5000 before the property sold.<\/p>\n It had a guide of $900,000 and an adjusted reserve of $975,000.<\/p>\n The underbidders live locally and were hoping to upsize from a one-bedroom apartment. They had made a pre-auction offer of $900,000 but the vendors, who have already bought elsewhere, chose to proceed to auction.<\/p>\n The new owner was attracted to the size of the 95-square-metre apartment, which includes a north-facing balcony, as well as the proximity of the IGA supermarket, which is in the building.<\/p>\n Sales agent for Ray White Erskineville, Moira Verheijen said this week\u2019s interest rate rise<\/a> had created further \u201ccautiousness\u201d in the market.<\/p>\n \u201cInterest rates have definitely had an impact,\u201d she said.<\/p>\n Related Article However, she said some buyers still saw opportunity given current market conditions.<\/p>\n \u201cThere are buyers who understand that if they see the right house, now is the time to buy<\/a>. Some buyers think they can wait because it feels like [the market] is continuing to go down but if they wait, those quality homes may not be there.\u201d<\/p>\n In Baulkham Hills, a young family won the keys to a three-bedroom home, paying $140,000 above the reserve.<\/p>\n Bidding for 23 Merinda Avenue<\/a> opened at $1.3 million, followed by two bids of $50,000, and then increments of $10,000 and $5000 until the property sold for $1.59 million.<\/p>\n Seven parties registered to bid for the property, which had a guide of $1.4 million and a reserve of $1.45 million, with four active.<\/p>\n The successful bidders were a young local family who plan to rent out the property before considering a renovation. The vendor is going into aged care.<\/p>\n Sales agent for McGrath Castle Hill, Jamie Benjamin, said buyers were attracted by the location, close to transport and schools, rather than the house itself.<\/p>\n \u201cMost [buyers] ruled it out because the property was not, essentially, liveable,\u201d he said. \u201cBut it\u2019s a classic family location so it\u2019s all about schooling and access to transport for work.\u201d<\/p>\n Save<\/p>\n You have reached your maximum number of saved items.<\/p>\n Remove items from your saved list<\/a> to add more.<\/p>\n![\"Corporate](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/10\/efe1136b33c119ee07cf5433b2648dcb6974f1b7.jpeg\")
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There was barely any room to move in the living room of 2\/60 Carlton Crescent, Summer Hill as nine parties had registered to bid.Oscar Colman<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/10\/b145cd63036000a984ba4cadc4a9075285c7e13a.jpeg\")
The semi-enclosed veranda \u2013 one of two outdoor spaces \u2013 had been styled as a home office off the main bedroom.Oscar Colman<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/10\/9ea8a340a190062f2111d961a4855900f5c355e3.jpeg\")
The open-plan kitchen and dining space includes a built-in laundry. While it comes with a car space, you don\u2019t need to leave the building to do the grocery shopping.Domain<\/p>\n![\"x\"](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/10\/f029e3ee8b8cf0091ce889e0ec2a18b2a2aa4b64.jpeg\")
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