Schwarz 2020 Market Wrap Up
First, we would like to say congratulations class of 2020, it’s been a challenging year and one to remember!
A year full of ups and downs, but it safe to say we’re coming out of this year strong and heading into 2021 with positive signs, particularly for the glorious Northern Beaches. Restrictions are easing off, domestic travel allowed again, buyer confidence returning to the market and resilient property prices. The facts below!
Despite the pandemic, property prices along the Northern Beaches remained incredibly resilient, and have in fact increased since last year. CoreLogic housing data indicates a 9.49% increase in Housing Prices and 11.76% for Units on the Northern Beaches.
Rental returns on the Northern Beaches have also held up well compared to other parts of Sydney. We’ve seen more people flocking towards the beaches due to work from home practices and wanting to be closer to the beach. This led to a competitive market for tenants pushing returns up. It was only last month that Schwarz leased a home that was originally $2,000 p/w, now just leased for $2,700 p/w that’s a huge 25% increase in one year.
Whilst the Real Estate was quieter in the first quarter of the year, things gradually picked up and we couldn’t be more happier of our teams achievements for 2020…
Highlights of the Year:
REB 2021 Award Finalist – Boutique Independent Agency of the Year
REB 2021 Awards Finalist – Business Development Manager of the Year, Domenic Coniglio
RateMyAgent – No.1 Property Management Agency of the Year
Realestate.com.au Data – 1st out of 25 agencies in 2096 for new lease listings and leased listings
Sold: 25 properties
Schwarz highest sale price for the year: $4,000,000
Property Management Stats:
Leased properties: 227
Highest leased property: $2,700 p/w
Tenant Applications: 923
Furthermore, economists are suggesting that next year could even be the strongest growth for a decade due to Australia quickly bouncing out of a recession and the governments work to incentivise buyers, paired with all time low interest rates.
If you are looking to buy, sell or lease in the new year, we’d love to help you. Feel free to get in touch with us today.
We wish you all a prosperous 2021! Our office will be closed from Friday 18 December till Monday 04 January 2021.