Core Insights - A couple purchased a five-bedroom property in Earlwood for AUD 2.871 million, significantly above the guide price of AUD 2.4 million [1][3] - The property attracted three registered bidders, indicating a competitive auction environment [1] - The buyers preferred a move-in ready home due to rising construction costs, reflecting a trend in buyer preferences [5] Auction Details - The property was listed with a guide price of AUD 2.4 million and a reserve price of AUD 2.7 million [1] - The auction started at the guide price and saw bids increase in increments of AUD 50,000, reaching AUD 2.6 million before the bidding dynamics changed [1] - The auction took place while the buyers were in Mykonos, leading to the woman's parents bidding on their behalf [3] Market Trends - A total of 669 properties were auctioned in Sydney over the weekend, highlighting a busy market [3] - The previous sale of the property occurred in 2022 for AUD 2.5 million, indicating a price increase over time [5] - The preference for ready-to-move-in homes suggests a shift in buyer behavior amidst rising construction costs [5]