March Auction Wrap Up

An auction night’s success shows the suburb’s growing popularity, reports Susan Liu

The demand for Marrickville homes has hit a feverish pitch as buyers compete to secure their slice of real estate. Raine and Horne Marrickville’s in-room auction night last Wednesday demonstrated the popularity of the city fringe suburb after four out of four properties sold under the hammer.

A highlight was the sale of a house at 44 Frampton Ave for $1.702 million through agents Ben Ayers and William Pereira.

The five-bedroom property, which was formerly occupied by Anglicare, was set on 645sqm and had a garage at the rear.

A total of 24 groups registered their interest but it all came down to two main bidders in the end.

Mr Pereira said that the auction opened at $1 million and increased in varied increments of $50,000, $2000 and $1000 before it sold to a local family.

“Marrickville prices are going at inner-city suburb prices,” Mr Pereira said. “It’s no longer a suburb on the outskirts.”

He said buyers from Alexandria, Waterloo and Erskineville were attracted to the larger block sizes in Marrickville.

A two-bedroom apartment at 1/48-50 Hill St sold for $623,000 and a three-bedroom townhouse at 3/3 Anderton St was snapped up by a young couple from Alexandria for $850,000.

A one-bedroom unit at 26/13-15 Glen St sold for $362,000.