Core Insights - A first-time homebuyer purchased a one-bedroom apartment in Glebe for AUD 815,000, which offers views of the Harbour Bridge and city skyline [1] - The initial guide price for the apartment was AUD 630,000, later adjusted to AUD 655,000, with a reserve price of AUD 710,000 [1] - The property attracted 23 registered bidders, with 6 actively competing, indicating strong demand in the market [2] Market Performance - The apartment was last sold in 2011 for AUD 435,000, reflecting significant appreciation in value over the years [2] - Domain data shows that the median price for apartments in Glebe has decreased by 9.9% over the past year, now standing at AUD 940,500 [5] - The auction was part of a larger event in Sydney, where a total of 499 properties were auctioned [5] Property Features - The apartment is located in a classic brick building and is noted for its low maintenance costs, vintage blue kitchen, and a balcony with city views [1][5] - Key highlights of the property include its scenic views, location, and parking space [5] - Market performance is said to depend on specific properties, with entry-level properties performing particularly well regardless of interest rate changes [5]