Shaping up for spring
It should be a typical winter but all ends of the spectrum have seen some level of smoldering – from landmark buying/selling to bargain hunting.
Meanwhile, the typical July slump did manage to ensure sales volumes and activity was on the quiet.
With drawcard properties on the market in the Inner East, some notable sales unfolded. A warehouse apartment in Darlinghurst’s historic Kings Lane sold for $3.8 million. Around the corner in Darley Street, one of the area’s significant terrace houses saw a $4.55 million result.
The BresicWhitney year to date clearance rate is 71% compared to the wider Sydney figure of 62%.
Sales volumes were strongest in Paddington and Surry Hills, with plenty of action from the Inner West to Hunters Hill.
On the rental scene, a slower market has given tenants more choice when it comes to securing new homes, before the dynamics shift again as we approach the spring months.