Our spring sales more fluid than most
Ready to tackle a potentially difficult spring, the BresicWhitney team delivered another month above expectations.
With 91 sales equalling September 2019, we’ve now seen 3 months in a row on par, or above, last year.
This would not be the norm across Sydney.
It didn’t come without hard work, careful strategy, and the BresicWhitney ‘networking’ model. We’ve highlighted some key sales below.
With the latest numbers in from CoreLogic, overall property values fell 0.9% in Melbourne and 0.3% in Sydney, but nationwide indicators showed strength.
“September marked a striking turn in housing market sentiment; consumer confidence increased, new listings rose, and six of the eight capital cities recorded a rise in home values over the month,” Corelogic’s head of research Tim Lawless said.
“There’s definitely a delineation between the smaller capitals that are seeing some level of price growth [and Sydney and Melbourne], which isn’t too surprising given these are also the markets that have kept a lid on the virus quite well, where housing affordability is relatively healthy compared to the larger cities and homebuyers are able to take advantage of the ultra-low interest rates on offer.”
Sydney’s rate of decline has improved over the last few months and Mr Lawless expects to see the city move back into some level of “modest growth” in either October or November, provided the virus is kept under control.
BresicWhitney sales between $3m and $6m
We saw landmark sales in premium price points from the Eastern Suburbs, to the Balmain area, to Hunters Hill.
Andrew Liddell sold another architectural icon known as the Green House of Rozelle. The 2 Hartley Street, Rozelle auction was brought forward because of heightened interest from different parties.
Peter Grayson sold 33 Warner Street, Gladesville quickly after auction for $3.5 million, or $100,000 more than the highest public bid.
Romany Brooks achieved a building record at 16/13 Onslow Ave, Elizabeth Bay, selling a Company Title apartment.
Adrian Oddi sold 121 Rowntree Street, Birchgrove prior to auction for $2.575 million.
Sales $2m to $3m
Originally marketed for $1.9 million, the house at 200 Hereford Street, Forest Lodge achieved $2.025 million after a price drop generated new interest. Luke Grosvenor sold it to a buyer from overseas during a FaceTime inspection.
This statement terrace at 113 Victoria Street, Lewisham sold off-market with Rhonda Yim for more than $2.3 million.
Andrew Liddell sold a substantial house at 179 Trafalgar Street, Annandale for $2.25 million.
24 Woods Lane, Darlinghurst sold with Michael Kirk, with a number of BresicWhitney agents introducing strong underbidders.
Nicholas McEvoy sold 38 Makinson Street, Gladesville in a hotly contested auction with a whopping 56 bids placed by just 2 bidders. And at 38 Ross Street, Gladesville, Peter Grayson penned the deal after hours at a Haymarket karaoke haunt… there is a first for everything.
Other notable sales
Romany Brooks sold 808 Elizabeth Street, Waterloo in 2 weeks. A quirky example of a city house, the last time Rom sold that home the campaign lasted 197 days.
224 Annandale Street, Annandale sold at auction with Chris Nunn, to someone Nick Playfair encouraged to attend. Never just relying on the major portals, the same team sold 43 Piper Street, Lilyfield to underbidders from a property in Stanmore.
Nick Playfair also sold 3 Ada Street, Erskineville off-market, only contacting buyers within the BresicWhitney network, with 11 inspecting and 2 making offers. It was gone in a week at the price the owners were looking for.
Luke Grosvenor sold 213 Victoria Street, Beaconsfield after being given 14 days to do so. With a number of pre-qualified buyers ready, it sold fast for $1.28 million.
Similarly 3/12 Wolseley Street, Drummoyne sold with Brandon Nguyen and Adrienne Williams for $1 million. In a single private appointment they showed 5 buyers and had 2 offers.
In another pre-auction sale, 25 Phelps Street, Surry Hills sold with Melinda Antella and Michael Kirk. After the first Saturday open, it was sold on Tuesday.
The rental market
We’re still predicting a slower recovery for the rental space, with reduced population growth, fewer international students, and lower migration levels.
The marketplace can be patchy from week to week but our teams leased another 118 properties this month, continuing to outperform within this current dynamic.