Amidst last year’s fears of a drop in the Sydney property market or burst of the proverbial bubble, trepidation can be laid to rest as this market just keeps soaring, seeing an almost 20 percent increase since only February this year! As they say “The proof is in the pudding” and this pudding happens to be a 168 sqm, triple level Newtown apartment, which had parking, a 55 sqm rooftop terrace and balconies from the bedrooms.
It was bought for $1 million in February, opposite Royal Prince Alfred Hospital, it fetched $1,183,000 at auction – $83,000 more than the owners were hoping for, and 18.3 % more than it sold for in February when it exchanged for $1 million.
Director at Ray White Double Bay, Michael Krimotat, says “Suburbs in around Newtown have been among the most popular with buyers during the recent boom, this can be attributed to lack of stock in the surrounding areas, seeing the “fringe” suburbs catching up.”
For some solid and professional advice about property, look no further than Ray White Double Bay.
DESPITE the COVID-19 pandemic, an Associate Director and Sales Executive from the most successful Australian real estate business within the Ray White network has sold six properties totalling more than $15,500,000, in just 10 days. The highlight of the six deals was the $3,500,000-$3,700,000 sale of 1 Shaw Street (pictured above) in … Read more
IT WAS a chilly night in Sydney but that didn’t stop nine eager bidders from turning out for the hotly contested Ray White Double Bay auction at 113 Victoria Road, Bellevue Hill. Sold by Double Bay Managing Director Elliott Placks and agent Alan Fettes, the four bedroom home went under the … Read more