Sustaining the monthly pattern we’ve seen for a 16th month now, Wentworth Point’s median price has risen 0.6% to $748,600, up from December’s $744,300 as we close our highest performing February on record.
This month totalled four more sales than this time last year, with this week alone seeing four properties linked with their new owners - 204/37 Amalfi Drive, Wentworth Point (three bed in Sorrento) 1703/18 Footbridge Boulevard, Wentworth Point (one bedroom with water views) 310/4 The Piazza, Wentworth Point (two bed in Santorini) & 213/24-32 Koorine Street, Ermington (2 bed waterview apartment, exchanged after first open home)
We’ve noted solid attendance figures over February, bringing 396 groups through our inspections across 29 properties, though when considered against the unprecedented peak of 502 groups last February, this month’s turnout remains 21% lower.
Comparatively, this February has seen far greater stock levels, dispersing buyer activity across a lot more properties than what was available this time last year. As supply increases, we can expect buyers to take a little more time perusing their choices before acting.
We remain confident it’s still an excellent time to purchase, with the RBA keeping the cash rate on hold at the record-low level of 0.1% this month.
For an in depth overview on how our local market is performing, read our February 2127 Market Report here.
![](/imagecache/fitwithin/1920x1920/_files/high-res-310-4-the-piazza-wwp-3-.jpg)
Resilient market continues to perform
We sold 4 properties this month in Wentworth Point at Amalfi Drive, Footbridge Boulevard, The Piazza & Koorine Street, Ermington. Check out the details.
What to read next?
![](/imagecache/bestfit/800x600/_files/market-report/istock-1498375732.jpg)
Cost of Living Impact on Rental Demand
In June, the average rental price for houses in Sydney was $1,040 per week, down 1.4% from last month but up 7.0% over the past 12 months.
June 28th
Read more →
![](/imagecache/bestfit/800x600/_files/blog_images/117-5-stromboli-strait-wentworth-point-high-living-kitchen-1.jpg)
Navigating Seasonal Shifts and Policy Impacts
May has been a quieter month for the rental market, with 34 properties leased by the Chidiac team across Sydney (compared to 39 in April...
May 31st
Read more →
![](/imagecache/bestfit/800x600/_files/blog_images/istock-1292863259.jpg)
Safeguarding your investment: The importance of Landlord Insurance
Landlord insurance offers crucial protection for property owners who rent out their properties, covering various risks such as accidental...
April 23rd
Read more →
![](/imagecache/bestfit/800x600/_files/blog_images/istock-666926346.jpg)
Ensure Your Property's Safety: Smoke Alarm Compliance
As a property owner or manager, ensuring the safety of your tenants and compliance with state regulations is crucial.
April 23rd
Read more →