Closing Deals, Collaborating, and Community.

The close of August signifies the end of winter, and while warmer days are almost upon us, remarkable results were achieved over the last month that have reinforced our readiness for a blossoming spring season ahead. 

We successfully closed deals on 18 properties this month, while our network of prospective buyers continues to grow. We met with a remarkable 1,095 potential buyers during various engagements, including 145 open homes. In providing a platform for interested parties to explore the properties we have to offer, we’re constantly expanding our relationships, with well over a thousand buyers still actively engaged with us, eager to find their perfect property match.

With such active buyers still in the market, it’s no surprise homes continue to reach impressive figures, and our standout sales for the month showcase this strength:

• 10 Station Street, Concord sold at a remarkable $3,500,000.
• 5/25 Bayview Road, Canada Bay generated strong demand, attracting multiple buyers and seeing its sold sticker up within 13 days.
• A 328.8m² Russell Lea home (unable to be disclosed) was sold off-market for $3.1 million, underscoring our growing market presence in the 2046 postcode.

Get across our complete results for the month here.

Rental properties are spending an average of 19 days on the market before being leased, and while tenants are now taking a more discerning approach in seeking properties that best align with their requirements, there is still very much significant demand for rentals, with some achieving truly impressive yields. One of our luxury rental properties at 23 Heath Street, Concord (featuring 4 bedrooms, 3 bathrooms, and a single-car garage) is achieving $1,450 per week, demonstrating the even planefield of rental performance, even at the premium end of the scale.

We take great pride in our continued support of the Children's Cancer Institute, particularly their Zero program. Directors Dib and Stephanie were honored to attend the Diamond Ball event this month, which raised an astounding $1.6 million+ towards this vital cause. You too can contribute to this important initiative here.

As dedicated sponsors - but most importantly as a dad himself - Dib attended the Father's Day breakfast at St Mary’s primary school, sharing some quality time with locals, and celebrate the value all fathers bring to the fabric of our wonderful community.

Missed the news this month? We’ve pulled the most important things you need to know:

Property prices rose

Sydney’s house prices increased by 0.9% in July. This may be the smallest gain since values started rising in February, but remains a positive moment.

Property supply is up
Sydney has seen a significant rise in the number of fresh listings added to the market, providing buyers with more choice.

New stock in Sydney surged 22.6% compared to the five-year average and climbed 10.9% over the year.

Interest rates stayed the same

Australian mortgage holders can breathe a sigh of relief with the Reserve Bank holding steady on interest rates over August.

The August decision mirrored July’s, with two consecutive months of no increases to the cash rate.