High prices and quick sales see growing competition

 

With the first month of the year already over, the prices we’ve achieved for the properties just sold in Wentworth Point are the highest we’ve had in 24 months, and this trend is expected to continue as strong competition remains. 

 

These figures are a direct result of the buyer urgency we are experiencing, with well-prepared and serious buyers reluctant to miss out on worthwhile opportunities. In securing property quickly, buyers are astutely avoiding the risk of paying more the longer they wait to make a purchase in a rising market.

 

Whilst property prices continue to rise, days listed on the market are down. We’re seeing properties spend an average of ten days on the market before being purchased, a significant decrease highlighting the extent of current competition.


This week, we successfully placed ideal investment, one bedroom apartment at 404/1 Footbridge Boulevard, Wentworth Point under contract, off market, and before its first inspection.

 


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Alexander Chidiac
When it comes to dealing with buyers and sellers in Wentworth Point, Rhodes, Newington and throughout this part of the inner west, Alex enjoys an exceptional reputation earned from over 10 years’ experience in the industry.

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