Birds Eye View | February

March 3, 2023
by Sahar Ayubi

Currently the market is buzzing with buyers and sellers ready to make a move, and we’re here to help! Small interest rate rises have not deterred buyers from securing a home to live in or invest. Last month Sydney property prices increased by 0.6% on avg. which was the first increase in a year (data from CoreLogic). If you are looking to sell, the numbers indicate that now is a really good time, this is mainly due to the low stock levels on the market which means less competition for sellers.

The recently released First Home Buyer Choice program has brought keen new buyers to the market. The scheme gives first home buyers the choice to pay a smaller annual property tax, instead of stamp duty. Up to $1.5m, First Home Buyer Choice can lower the upfront costs of your purchase and cut up to 2 years off the time needed to save for a deposit, fast tracking the way to a new home. For more details on this visit: https://www.nsw.gov.au/housing-and-construction/first-home-buyer-choice or give us a call.

In February we had over 53,090 online listing views, 1300+ property enquiries and met 120+ prospective buyers at open homes.

Let’s take a look at two of our most recent case studies:
Auction | 4/72-74 Pacific Parade Dee Why
Apartment | 1 bed 1 bath 1 car
Days on Market: 7 days
Sold: $950,000
This split-level apartment was listed on the market for a total of 7 days, we held one open home which attracted 10 groups through, and after the first open we received an offer $50,000 above the advertised price guide.

Off Market | 14/28-30 South Creek Road Dee Why
Townhouse | 3 bed 2 bath 2 car
Days on market: 15 days
Sold Price: $1,715,000
This three bedroom townhouse was marketed to our database and Schwarz website only, we attracted the interest of 11 buyers and in just after two weeks it sold for $1,715,000.

If you’re looking to buy or sell on the Northern Beaches, please do not hesitate to give our team a call for objective property advice, book a market appraisal or let’s just start the conversation. Call (02) 9939 5400.

 

Buy Well. Sell Well. Rent Well.

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