2 apartments auctioned at Barfoot & Thompson today sold for $90,000 more, or just over that, than they sold for 3 years ago. Both were previously auctioned in August 2015. Prices peaked towards the end of 2016 and the auction market has been slower since then.
A unit at 207 Federal St went for $93,500 more, and a Quay Regency unit on Quay St (pictured) went for $90,000 more. The Quay St unit also requires joinery maintenance.
The Federal, 207 Federal St, unit 701:
Features: 61m², 2-bedroom corner unit
Outgoings: body corp levy $5542/year
Income assessment: $580/week until 11 September
Outcome: sold for $567,500; sold in August 2015 for $473,000, and in May 2006 for $396,000
Agents: Annie Xu & Sean Zhang
Quay Regency Apartments, 148 Quay St, unit 7F:
Features: furnished one bedroom, joinery repairs required
Outgoings: body corp levy $4786/year
Outcome: sold for $582,000; sold in August 2015 for $492,000
Agent: Estee Zeng
Attribution: Auction, files.