Western Sydney couple making a sea-change buy Taren Point townhouse for $3.48 million

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Western Sydney couple making a sea-change buy Taren Point townhouse for $3.48 million

By Carmen Forward

A couple will trade the western suburbs for water views after spending $3.48 million on a brand-new, four-bedroom townhouse.

The luxurious complex is divided into three high-end townhouses, each with four levels, views and lift access.

Four people registered to bid on 1/6 Holt Road and three made offers. Two were downsizing empty-nesters attracted to the lift access.

The property was guided at $3 million until halfway through the campaign when it was raised to $3.2 million. Bidding opened at the earlier guide amount. A flurry of $50,000 bids were placed until the price reached $3.4 million, and eventually sold to a young professional couple from western Sydney.

It was one of 764 homes scheduled to go under the hammer in Sydney on Saturday. By evening, Domain Group recorded a preliminary auction clearance rate of 68 per cent from 495 reported results, while 108 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.


The auction took place in front of a 100-strong crowd. Plenty of neighbours watched on to see how much the development they had seen built would sell for.

Selling agent Trent Tarbey from McGrath Sans Souci declined to share the reserve.

“[It has] really beautiful attention to detail. High-end finishes in one of, arguably, the best streets in Taren Point [...] uninterrupted views back towards the bay, lift access that services all levels.”


“They [the developers] are quite happy with it. They’ve done quite well.”

The address of 6 Holt Avenue last traded for $3.85 million in 2021, records show.

In Coogee, a young couple outbid a builder and his wife at auction.

Three registered to bid and two made offers for the single-level, two-bedroom, unrenovated semi located at 52 Pauling Avenue.

Bidding opened at $2.2 million and bids ranged from $100,000 to $10,000. After about five minutes it hit the reserve price of $2.5 million, and sold under the hammer to a young couple at that price. They had recently sold in Bronte.


Selling agent Nicholas Wise from Ray White Eastern Beaches said the main drawcard was the potential to add value, along with the location and land size.

“For buyers, getting into the market could see it as an entry-level semi that they could add a lot of value [to] and see growth.”

Wise said he had seen good numbers at inspections over the last couple of weeks. The vendor was looking to upsize and stay local.

The property last traded for $2,025,000 million in 2021, records show.


PRD chief economist Dr Diaswati Mardiasmo said the clearance rate of 68 per cent was a show of market confidence.

Mardiasmo said during this time of the year pre-COVID, she would have expected a clearance rate of 72 per cent to 73 per cent.

“This one is a recovering market. So it being a recovering market at 68 per cent, I would say that we’re tracking pretty good.”

She said if buyers want to be in a new home by the end of the year they have about four to five weeks to get organised.

“With the whole settlement period and any other due diligence that you need to do finance ... I would say that’s a big push for people wanting to be in a new home by Christmas or by the New Year.”

In Liverpool, a four-bedroom house at 20 Woodlands Road attracted interest from three bidders at auction. It was listed with a guide of $1.25 million to $1.3 million.

Bidding opened at $1.1 million and twelve bids – mostly in increments of $50,000 – were placed. It sold for $70,000 more than the “ambitious” $1.4 million reserve.

The winning buyers paid $1.47 million for the home, which they will live in. The vendors have been there for two decades and were downsizing to Monterey to be closer to their adult children.

LJ Hooker Edensor Park selling agent Darko Horvat said the proximity to Liverpool CBD and the presentation of the property were the main drawcards.

The unit last traded for $670,000 in 2004, records show.

In Putney, a three-bedroom home sold for $4,366,000. The property at 69 Waterview Street sold for more than its $4.25 million reserve price. Cherry Zhimin Zeng from Richard Matthews Real Estate sold the house.

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