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.
One year ago, Property Manager Julie Feller, Sales Executive Danny Taylor and their team joined Ray White Double Bay, bringing decades of experience, established relationships and a deep understanding of Rose Bay, Vaucluse and the wider Eastern Suburbs. Today, Danny Taylor, Courtney Pashley, Mikayla Giannaklis, Julie Feller and Lachlan Yelds mark 12 months as … […]
The Reserve Bank lifted the cash rate to 4.60% on 29 September, the fourth rise this year and the highest level since 2011. This has caused borrowing capacity to tighten further, with potential buyers asking whether to act or wait. Here is what we saw in the September quarter. Buyers are still here Close to … […]