A four-bedroom house in Epping has sold for $2.78 million, $380,000 above its reserve, in a strong start to Sydney’s spring auction season.
The solid-brick bungalow at 22 Abuklea Road attracted 19 registered groups and 10 active bidders at Saturday’s auction on September 5, 2026.
Bidding began at $2 million and quickly climbed in $100,000 jumps to $2.3 million. The increments then narrowed to $50,000 and $25,000 before falling to $10,000 and smaller bids as competition intensified.
The property had been advertised with a guide of $2.2 million and carried a reserve of $2.4 million. There is no legal requirement in New South Wales for a vendor’s reserve to match the advertised price guide.
The successful buyers were a young couple with a child who had links to the area and were drawn to the home’s level backyard. A local family hoping to upsize were the underbidders.
Set on a flat 746.1-square-metre parcel, the single-level home offered four bedrooms, a turnkey presentation and convenient access to public transport and shops. Those features helped attract interest from families, upsizers and downsizers.
Sydney spring auction market gathers pace
Catherine Murphy, a sales agent with The Agency Epping, said the number of registrations reflected both the property’s broad appeal and improving confidence among buyers.
“People have really decided to get on with it – life goes on,” she said. “The shock of the budget announcements and interest rate rises has abated and people are getting on with their lives.”
The Epping sale was one of 521 properties scheduled to go under the hammer in Sydney during the first weekend of the spring selling season.
Further evidence of competition came from Lavender Bay, where a two-bedroom apartment sold for $1,535,500 – more than $210,000 above its reserve – after 12 groups registered and five took part in the bidding.
Adrian Bridges, of Raine & Horne Mosman, said the result showed that well-positioned properties continued to draw strong interest, with buyers competing despite wider uncertainty in the market.
