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.
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