Positioned for Success.

Positioned for success
 

This October we demonstrated remarkable performance, aligning seamlessly with the prevailing trends in our strong real estate market. Facilitating a total of 19 properties this month, we’re reaffirming our unwavering commitment to matching discerning buyers with their dream homes, transacting more than $58 million, even as we approach the festive season. 

Distinguished property sales that raised the bar this month include:

• The sale of 64 Brays Road, Concord was a resounding success, having been sold for an impressive $5.9 million before the scheduled auction.
• 20% of the available Breakfast Point properties (realestate.com.au, 0ctober 23) - notably 58 Admiralty Drive, Breakfast Point - sold off-market for circa $3M, while a similar one nearby sold for over $200,000 less after four months with a different agency.
• The remarkable property at 8 Preston Avenue, Five Dock, recognised as a true masterpiece, astoundingly fetched $5,950,000 at an auction, making it the highest-priced auction sale in Sydney for that particular weekend.

As we navigate towards the end of the year, we are in the process of finalising our sales for 2023, while diligently preparing a selection of exceptional homes for their 2024 debut. Get in touch with us today to ensure you’re optimally positioned for market success in the new year.

Have you checked out the DibChidiac® Library yet? A valuable resource for landlords and tenants alike, we bring you short and simple answers to some of the most important questions in Property Management, as a treasure trove and wealth of knowledge you can rely on. This week Samantha, our Head of Property Management, imparts valuable insights on a topic important to both parties - the termination of a lease. Explore the DibChidiac® Library here.

Considering selling, or interested in understanding the current worth of your properties? Reach out to our team of experts for an accurate and up-to-date valuation that will equip you with the knowledge needed to make strategic decisions in 2024.

What’s news this month?

Interest rates could increase in November

The RBA stated this month that inflation may still require some taming as a result of the deepening conflict in the Middle East, with the “slower return” to its target still an issue.

Inflation is up again

The RBA’s view is compounded by the most recent September quarter CPI, released Wednesday, recording a 1.2% rise in July-September, up from 0.8% in the June quarter. Economists had expected the quarterly rate to come in 1.1%.

Property prices are set to climb

A survey of economists shows that national property prices will likely climb 7.7% this year, recovering from the 4.8% decline in 2022.

Housing demand will soar by 2026 and beyond

Australia’s population is expected to increase by two million people to 27.7 million by 2026, and with it, housing demand is set to soar across the country’s four most-populous states over the next two decades, according to analysis by PEXA-owned Informed Decisions.