2024: A Year of Success, Momentum, and Future Plans

In wrapping up a transformative 2024, it’s the perfect time to reflect on a year filled with achievements, consistency in excellence, and growth. At DibChidiac®, we’ve made it our business to push boundaries, set records, and continue to elevate our commitment to delivering exceptional results for our clients and community when it comes to property.

Here’s to a huge year, and everything our property market proved yet again:

Record-breaking prices: Sydney house and unit prices reached new heights in the September quarter, driven by improved sentiment as borrowing costs stabilised.

Inflation relief: Inflation has dropped to its lowest level since the early pandemic, signaling a welcome easing of cost-of-living pressures. 

Consumer confidence surge: Sentiment hit a 2.5 year high as Australians grow optimistic that interest rate hikes are over - despite mortgage relief some months away. 

Employment gains: October saw 15,900 new jobs added, with unemployment steady at 4.1%, reflecting a tight labor market crucial for keeping inflation in check. 

Housing boom ahead: Australia’s property market is poised for another surge, with rate cuts expected to fuel competition and push prices past Sydney’s new median house price record of $1,654,668, according to Domain. 

Our position in 2024

In 2024, we upheld our reputation for excellence in the 2137 postcode, maintaining our #1 ranking in total sales value, sales volume, and new listings volume.

Our rental team also made impressive strides, securing the #3 ranking for new rental listings in the area.

DibChidiac®’s consistent #1 position across Concord, Concord West, Cabarita, and Mortlake, with a significant number of sales made prior to auction. Our successes are reflected in the following figures:

• Concord: 60 sales (nearest competitor: 30)
• Concord West: 28 sales (nearest competitor: 12)
• Cabarita: 11 sales (nearest competitor: 6)
• Mortlake: 20 sales (nearest competitor: 7)

Sales highlights:

• Total properties sold: 222+
• $ value of properties sold: $508M+
• Highest sold price: 11 Edith Avenue, Concord - $6.2M
• Properties sold before auction: 52
• Properties sold off-market: 29
• Properties sold at auction: 25 
• Average days on market: 31

Rental highlights:

• Total properties leased: 110+
• Highest rental price achieved: $3,250 per week
• Average rental price achieved: $850 per week
• Rental days on market: 20

Achievements and accolades in 2024

This year we celebrated several prestigious milestones, solidifying our reputation as leaders in the real estate industry. It has been an honour and a privilege, made possible by you.

• Local Business Award Winners for the second consecutive year
• Recognised at the REA Awards 2024 in November for:
  • #4 ranking in total sales value
  • Finalists as top agent in most properties sold
• Honored at the Homely Awards 2024 in September for:
  • Best Residential Agent (Dib Chidiac) with ‘Top sales value in Australia
• A spotlight on our rising sales stars Alex Cummins and Anthony Picasso, featured in the Daily Telegraph’s ‘Top selling agents under 30.’

Into the looking glass for 2025

This year has seen significant movement in the property landscape, and when we examine local suburbs and their future growth, North Strathfield is certainly one worth a closer look as the new year rolls in. 

Potential rezoning for high-rise apartments has stirred excitement and opportunity with the advent of the newly constructed metro, and we’re pleased to share that similar rezoning discussions are taking place across various LGAs, presenting potential growth hotspots for buyers with a longer-term outlook. 

As we move forward to a new year, we’re ready to take DibChidiac® to even greater heights. Big things are on the horizon - a fresh chapter awaits, filled with dynamic growth and exciting new initiatives. While we can’t reveal too much just yet, our vision for 2025 is all about creating an even bigger, better, and more impactful presence for our clients.

To our clients, sponsors, and suppliers: thank you. Your trust in our expertise, partnership, and passion continues to inspire us. Together, we’re making dreams come true, and we can’t wait to help even more people achieve their property goals in the year ahead.