Local properties sell $76,000 over reserve

Media Release - 12 August 2010

Local properties sell $76,000 over reserve

Starr Partners Auburn enjoyed a bumper auction weekend recently, selling properties in Auburn and Berala for $36,000 and $40,000 above reserve respectively.

In Auburn, a renovated home at 71 Kihilla Road sold for $411,000 . This result was $36,000 above reserve and set a record for a single front property in Auburn. 

Dean Olsen, Principal at Starr Partners Auburn, says the two bedroom cottage attracted significant interest from first homebuyers in the lead up to auction. On the day, 12 registered bidders competed for the property. The buyers are a young family who were looking to purchase their first home.

In Berala, an unrenovated cottage at 150 Nottinghill Rd attracted 10 bidders hoping to take advantage of the opportunity to knock down and build a new home. Spirited bidding led to a final price of $460,000 – $40,000 above reserve.

“We have been achieving some great results at auction lately, demonstrating the popularity of this sales method among buyers and sellers in the Auburn area,” says Mr Olsen.

“The entire Auburn market is really heating up ahead of spring, and we are listing a number of great properties over the coming weeks,” he adds.

About Starr Partners: Starr Partners was founded in 1992 by brothers John and Phillip Starr. Their combined 48 years experience in real estate has played a key role in Starr Partners’ growth and longevity.

Today, Starr Partners is the largest and longest-running real estate franchise in Greater Western Sydney, comprising 26 offices across the Hills District, Hawkesbury, Nepean, South West, Outer West and Central Coast.

For further information contact Dean Olsen, Starr Partners Auburn on 9649 6999 or visit the office at 54 Auburn Rd.  

Further information: Katy Lithgow | The Ideas Suite | (02) 9279 3330  klithgow@theideassuite.com.au;

Dean Olsen | Starr Partners Auburn | (02) 9649 6999 | dean@starrpartnersauburn.com.au