March Review

The markets we cover in the HIlls, Northern Districts and North Shore still remain very strong despite the interest rate increase by banks this month. We have seen the overall Sydney market record auction clearance rates above 80% for this month, demonstrating underlying buyer demand. However at the same time, towards the end of the month, we have seen more properties being listed to take advantage of market strength before Autumn.

 

Some of our sales highlights this month include:

 

- Strong buyer appetite for apartments in Macquarie Park including in Saunders Close, Alma Road and the newly constructed Macquarie Park Village. We recorded 5 sales this month and have plenty of buyers who missed out.

 

- 8 Fourth Ave, Willoughby sold for $2,360,000 through our Chatswood office. A three bedroom home on 556sqm land.

 

- 20/94 Culloden Road, Marsfield a two bedroom townhouse sold for a complex record of $1,068,000.

 

- 3 Kawana Close, Epping  a three bedroom home sold for $1,985,000. The previous highest sale in the street was 1 Kawana Close sold for $1,838,000 by us last year!

 

- 10 Railway Ave, Eastwood, a beautiful federation home sold for $2,710,000 to a database buyer. 

 

Demand for rental properties in these areas remains similarly strong. As always, please don't hesitate to reach out to our team if we can assist you with anything.