Just when everyone thought the Sydney property bubble would burst, people are continuing to head down in droves to get their hands on some of Sydney’s most popular and prestigious Eastern Suburbs, so much so that there is not even enough property on the market to satisfy demand! Auction after auction, homes are being snapped up, each selling higher than the last. Week after week, the Eastern Suburbs have led the way in auction clearances nudging 80 to 90 per cent since the residential boom started in 2012.
It’s not unexpected. Homebuyers are increasingly choosing location over size, aiming to buy in areas that offer proximity to jobs and the center, and good schools. Those who want houses and gardens are either paying a major premium to be in the East or going to the outskirts of Sydney, and those who want proximity to jobs are moving into apartments.” Eastern Suburbs are and always will be the place to be says Elliot Placks Director at RWDB.
Confidence continues to build across Sydney as well-presented properties attract strong enquiry and competitive offers. In this update, Melanie Lahoud and Breanna Skewes share what’s driving buyer behaviour, auction results, and investor activity. Quality listings are generating strong inspection numbers and decisive offers Auctions remain the preferred method of sale, … Read more
July 23 marks National Property Managers Day, a moment to pause and recognise the people who work tirelessly behind the scenes to care for homes, support landlords, and ensure tenants feel looked after. At Ray White Double Bay, we’re proud to celebrate our dedicated Property Management team. They are the … Read more