House-hunters are embracing virtual property sales

Online auctions are not stopping properties in The Hills from achieving top results during Sydney’s extended lockdown. Agents Kate Lumby and Will Hampson from Lumby Hampson said it has been a smooth transition to virtual sales with no shortage of registered bidders and continuing high clearance rates.
20-08-2021 |
Online auctions are not stopping properties in The Hills from achieving top results during Sydney’s extended lockdown.

Agents Kate Lumby and Will Hampson from Lumby Hampson said it has been a smooth transition to virtual sales with no shortage of registered bidders and continuing high clearance rates.

Among their recent successes was 21 Wyoming Rd, Dural, which fetched a record $6.3m – the highest amount ever paid under the hammer in the blue-ribbon suburb. There were 16 registered bidders vying online for the palatial 10-bedroom mansion, set on a 2ha estate with indoor pool and tennis/basketball court.

“In the lockdown we are finding that buyers are just getting on with it and don’t seem at all phased by the online process or if they do need help, they will ask,” Mr Hampson said.
“While it is not as fast as a ‘live’ auction’ – some running for an hour – online auctions are just like one you would attend in person.

“It can still be very suspenseful and exciting waiting for the hammer to fall, particularly with such strong competition in the current market.”

More than 130 bids were traded during the recent auction of 58A Annangrove Rd, Kenthurst. It sold for $4.158m with two main contenders pushing the final price $685,000 above expectations.

Lumby Hampson has now achieved 25 residential record sale prices across a number of suburbs in the Hills District.

Another recent record was 9 Glenhaven Rd, Glenhaven, which fetched an incredible $5.415m via online auction - with 20 registered bidders - in July. The magnificent 2ha parcel of land with older style house achieved a massive $915,000 above its expected price
In February this year, Lumby Hampson sold 1484 Wisemans Ferry Rd, Maroota, for $2.65m – a record price for residential acreage. Also setting a new record this year was 44 Peebles Rd, Fiddletown, which sold for $3.75m at auction.