After 10 years in the real estate industry, August 2017 was his biggest month ever.
Rubinstein has just sold close to $50M worth of real estate in only 19 days – that’s over $2.5 million a day for that period.
This is in contrast to what many commentators are reporting of a slowing market and low house sales.
Each of the nine sales was a bullish result individually.
Rubinstein continues to find motivated buyers willingly to pay a premium price to secure a home, particularly in the Eastern Suburbs.
One such purchase was an off-market sale for $8 million in Dover Heights – a street record, and his highest sale for the month was 327A Edgecliff Road in Woollahra which sold under the hammer for $10.1 million.
Rubinstein’s results are founded in much more than simply finding a buyer.
The buyers of one of his listings in Bellevue Hill were the strongest party going into the auction.
But they weren’t in a position to move until they had secured a sale on their own house, also in Bellevue Hill.
“We utilized our off-market platform strategy and attracted 20 qualified buyers and generated three formal offers for the buyer’s home within a couple of days. After a week, I had negotiated a premium result of $4.2 million for their property and simultaneously exchanged on their purchase for $6.75 million the same day (after 11pm at night),” Rubinstein said.
“The result: two very happy buyers and two very happy vendors.”
Its Rubinstein’s tenacity that is paying dividends.
“While some people are promoting a lot of doom and gloom, I feel that the Eastern Suburbs property market is still in good shape,” Rubinstein said.
“When I consider the sales I made in August, each was for a significant price with interest from multiple buyers.
“While choice for buyers remains limited, the market will remain steady for the short-to-medium term and it’s still a strong market to achieve premium prices, with the right strategy and agent in place. Sometimes it is also key to think outside the box to get the deal done, which I feel me and my team are specialists at.”
The breakdown: $48.9 million in 19 days:
ROSE BAY – 4.1M
ROSE BAY – $3.8M
VAUCLUSE – $2.4M
BELLEVUE HILL – $5.45M
BELLEVUE HILL – $6.75M
BELLEVUE HILL – $4.2M
WOOLLAHRA – $10.1M
DOVER HEIGHTS – $8M
DOVER HEIGHTS – $4.105