The employment shift to a working from home environment for many is shaping change in the residential market by driving more urban sprawl, allowing people to make more suitable and personal decisions about where they choose to live based on the lifestyle a suburb can offer, rather than its proximity to CBDs or a train line that will provide the quickest commute there.
It’s easy to understand how Wentworth Point has become an even more attractive option to buyers this year, with its waterside setting, vast parklands, and unique local facilities. An easy 7km from Parramatta CBD and 13km from Sydney CBD, the suburb offers a central location without the exorbitant price tag commanded by many of its surrounding suburbs.
We’ve sold 77 properties this year, an increase of 30% since the same time last year. With national property sales consistently outpacing new listings, there is no shortage of competition over properties on the market in Wentworth Point. We sold a one bedroom apartment off market this week, before its marketing campaign was launched and it had any exposure to a public sea of buyers. An excellent outcome for both our buyer and vendor, this quick and simple sale highlights the advantage of developing your relationship with our sales team so you can be the first to know about new properties that suit what you’re looking for.
Those on the sidelines waiting for price reductions remain almost certainly guaranteed they won’t find the property they want at the price they’re hoping for, as Sydney prices still remain higher than they were a year ago, and will continue growing. While risk aversion and uncertainty will always convince some to wait until they witness a tangibly booming market, now is the ideal time to buy for those looking for a smart opportunity to negotiate with sellers more amenable to accepting reasonable offers, particularly now with just nine weeks remaining until Christmas.
There may only be three weeks left to transact with a standard six week settlement before Christmas arrives, but it is still enough time to make it happen with our guidance.
