Story perspectives

First-time buyer snaps up Randwick unit for $1.01M

By Drooid · Oct 31, 2026 · How we work

Read the story

Story summary

Summary

A first-time buyer purchased a two-bedroom Randwick apartment for $1.01 million.
The sale followed a two-week search for the deceased-estate property.
Four groups registered to bid, but only the buyer and a builder attended the auction.
The auction opened at $900,000, rose to $1 million in $25,000 increments, then the buyer added $10,000.
Agent Jesse di Loreto said the sale indicated buyer confidence returning after six months of market hesitation.

1 of 1

A first-time buyer purchased a two-bedroom Randwick apartment for $1.01 million.
The sale followed a two-week search for the deceased-estate property.
Four groups registered to bid, but only the buyer and a builder attended the auction.
The auction opened at $900,000, rose to $1 million in $25,000 increments, then the buyer added $10,000.
Agent Jesse di Loreto said the sale indicated buyer confidence returning after six months of market hesitation.