Over 167 Sales in the Top Spot.

With October behind us, we’re looking ahead to the finishing line for 2022. Over the past four weeks our consistent performance has surged our property sales, tipping more than 166 for the year as our agency’s sales value and volume secured the top spot in Concord.

While the market has faced some inevitable changes this year, our achievements remain unwavering. We know how to work with change, and that’s why our results reflect a continuum of positive outcomes for those looking for a home, and those looking to sell. 
 

Some of our standout achievements this October were:

Notable sale of 20 Murray Street, Russell Lea selling off-market for mid 3M.

Notable sale of 22 Wellbank Street, Concord selling in 9 days well above vendor expectations.

Notable rental of 6 Ludgate Street, Concord – a 4 bedroom home leasing for $1,800.

Get the full view of our property results, here.
 

The active and welcoming family factor Concord is known for is only growing in appeal. Bayview Park in Concord will reopen to keen swimmers and sun seekers this month after 50 years, with improved water quality and foreshore access. The community will be treated to a brand-new netted swim enclosure for safety, outdoor shower and upgraded parking and picnic facilities, marking the completion of the State Government’s remedial project and making your upcoming summer plans a local breeze.

The Sydney Metro West is another upcoming project set to make Canada Bay even greater - and your free copy of Metro West guide awaits you, here.

Register your free Christmas Santa letters for your little ones in the lead up to Christmas, here. Entries close by 30th November 2022.

Is 2023 your year to sell? Prepare yourself with a complimentary market appraisal now. Contact us for a clear picture on just where your property sits in the current market, and where we can take it.

Missed the news over October? We’ve handpicked all you need to know:

Interest rates now at 2.85%
With the RBA's interest rate hike over October and again on Tuesday, the cash rate is now sitting at 2.85%. The rate has increased by 2.75 percentage points in the past seven months, which is the most rapid hike movement recorded since the early 1990s.

A further increase in inflation is expected over the months ahead, with inflation now forecast to peak at around 8% later this year, before declining next year.

The time to buy in Sydney?

Buyers priced out of the Sydney market in the last 24 months will be pleased to know that house prices across 563 Sydney suburbs have dropped in the past three months.

From the North Shore to the Inner City, some prestige suburbs have become significantly more affordable as of late, and could be an indication of what’s to come.

Refinancing in recording numbers

Australian home owners are refinancing in record numbers. Fourteen billion dollars worth of home loans were placed with new lenders over August alone, marking a 13% increase on July.

Stamp duty reforms before NSW Parliament

Legislation for First Home Buyer Choice stamp duty reform is currently before NSW Parliament.
The proposed reform will provide first home buyers the option to pay an annual tax of $400 plus 0.3% of the land value, instead of stamp duty on properties worth up to $1.5 million.

Unpacking the 2022-23 Federal Budget

The Federal Budget has been released, reaffirming the existing raft of initiatives focussed on housing affordability and supply, including: 

• An expansion to the exemption of home sale proceeds from pension asset testing from 12 months to 24 months, to encourage downsizing.
• The ‘Help to Buy’ scheme for first home buyers.
• The Regional First Home Buyer Guarantee, Defence Home Ownership Assistance Scheme, and $10 billion Australia Future Fund.