Properties across Sydney going under the hammer have sold for well above their reserves . Surry Hills one bedroom cottage sells for $ 840,000 a shocking $ 90,000 over reserve . A Coogee unit with no water views attracted flocks of buyers and sold for $ 1.4 million , $ 530,000 over reserve . Gladesville home shocked buyers selling for a whopping $ 2.85 million , that's $ 1.1 million over asking price . Property analyst Rob Mellor warns overnight growth in the market could be dangerous for investors . He says many buyers won ’ t see a return on their investment unless they get out of the market within 1960 .
Properties across Sydney going under the hammer have sold for well above their reserves . Surry Hills one bedroom cottage sells for $ 840,000 a shocking $ 90,000 over reserve . A Coogee unit with no water views attracted flocks of buyers and sold for $ 1.4 million , $ 530,000 over reserve . Gladesville home shocked buyers selling for a whopping $ 2.85 million , that's $ 1.1 million over asking price . Property analyst Rob Mellor warns overnight growth in the market could be dangerous for investors . He says many buyers won ’ t see a return on their investment unless they get out of the market within 18 months .