Last Saturday we sold a two bedroom apartment at 22/400 Glenmore Road, Paddington under the hammer for $65,000 above reserve. We welcomed 7 registered bidders and it sold for $925,000 to a couple from Mosman. The property, which has 95 sqm of living space and rare double side-by-side parking, attracted great interest during the campaign with 20 contracts issued. At Chippendale, we sold a three bedroom apartment with single parking at 7/139a Regent Street for $785,000. We had 5 registered bidders and it sold to a local couple. This property also attracted a lot of interest, with 10 contracts issued and 70 groups inspecting it during the campaign. Among our private treaty sales this week is a two bedroom terrace at 142 Goodlet Street, Surry Hills, which sold for a strong confidential price. A severe lack of stock is a major factor in the premium prices being achieved across Sydney. RP Data reports that the total number of listings on the market in Sydney is 26% lower than this time last year, due to older stock being quickly absorbed along with new stock coming onto the market. It’s not too late to sell before Christmas. Please call us for a free no-obligation market appraisal on 8093 2200. Market news • The RP Data-Nine Rewards survey reveals that the most important factor for buyers when purchasing property is their personal financial situation (52%), followed by prospects for capital growth (19%), interest rates (15%) and job security (10%) • The average time on the market in Sydney is currently 30 days compared with 46 at the same time last year, according to RP Data – The Daily Telegraph • AFG, Australia’s largest mortgage broker, processed a record $4.057B in new home loans nationally in October – the first time they have broken through the $4B mark. Just over $2.5B was in NSW Belle Property Surry Hills
Posted on: Thu, 07 Nov 2013 23:23:05 +0000
Trending Topics
Recently Viewed Topics
© 2015