Associate Director, Warren Ginsberg has sold two North Bondi properties valuing close to $7M prior to auction, only four days after the Federal Election.
12 Nancy Street, North Bondi sold Wednesday night for $3.725M and Residence 2, 11 Reina Street, North Bondi sold Monday night for $3.2M.
Mr Ginsberg says it was the result of the election that has stimulated these sales with a spike of interest post the weekends result.
“Prior to the election interest across the board was certainly not at the level to be expected.”
“It wasn’t until Sunday afternoon where we started to see a spike in email and phone enquiries for the two North Bondi properties.”
The victorious Liberal party in Ginsberg’s view has given confidence back into the property sector especially here in the eastern suburbs.
“No question the looming election was scaring off potential buyers due to the uncertainty around labour’s policies around capital gains tax and negative gearing.”
“Having the Liberal party still in office offers stability and we’ll no doubt start to see the market pick up just like we have with these North Bondi sales.” said Mr Ginsberg.
After a bumper April, the team have managed to surpass their sales record again, with the month of May setting a new record of over $255,000,000 of transactions! With 69 properties sold, we are so happy to have helped 140 individuals and families to the next stage of their lives … Read more
A masterclass from Warren Ginsberg and Elliott Placks on how to correctly take advantage of the market and deliver the best results for their clients. Congratulations to our vendors and the lucky new owners of this luxury home! Demand continues to grow in the eastern suburbs as stock levels combined … Read more