August Monthly Wrap Up
Whilst Greater Sydney has been in lockdown for over two months now, it is safe to say Sydney siders are starting to see the light and the end of the tunnel. The NSW premiere Glady’s Berejiklian has announced that some restrictions will ease from 17 October 2021 when NSW reaches 70% vaccination and international travel can presume after 80% vaccination expected by 01 November 2021.
The government has kept the economy going with plenty of incentives for buyers and assistance to help businesses stay afloat. Low interest rates look as if they are to remain for the foreseeable future. This past month the Northern Beaches have still achieved record housing prices, and buyer activity remains high. These factors indicate that the Spring market will continue at a steady pace.
Real Estate agents have become accustomed to virtually anything and have been able to practice everyday duties in a safe manner that protects the community. Schwarz have conducted 363 private inspections across sales and rentals in August, proving that there is still high demand from buyers and tenants, and our average enquiry per sales listing is 180 enquiries. On average we are achieving $250K above reserve prices for sold properties.
Take a look at our most recent sale for example: 4/56 Wyadra Ave, Freshwater
– SOLD $1,426,000
– $246K above reserve price
– 14 auction bidders
– 261 online enquiries
– 71 private inspections
The Spring market is always an excellent time to place your property on the market, and we have an awesome incentive for you to list with us… List your property with Schwarz for Sale or Lease before 30 November and go in the draw to WIN a $5,000 Flight Centre Gift Card. Perfect time to start planning your post-lockdown holiday as we look forward to restrictions easing towards the end of the year.
If we can help you in any way at all, please feel free to get in touch – 9939 5400.