We exchanged three properties this week, bringing our total number of sales so far this month to 11. With 13 days left in March, we’re tracking to hit a record month of sales, and look forward to bringing you our final results in a couple of weeks.
This week’s successes includes our seventh off market exchange for the year, with 515/21 Hill Road exchanged to a buyer we’d been liaising closely with to find the right property for. 30% of our total sales this year have been off-market, to buyers that regularly keep in touch with our team and are often the first to hear about what’s newly available.
Renting nearby and familiar with Wentworth Point, like many others in the market to purchase, this buyer had previously missed out on another property and moved quickly to capitalise on the great value this property represented in a rising market.
Just how much our market is increasing is evident in Sydney’s new property price records released by recent CoreLogic data, showing that the median dwelling price has hit almost $900,000, a 5.7% surge since October 2020.
Hopeful first homeowners keen to participate in the housing market are still well positioned to buy whilst low interest rates, greater disposable income, and the proven capacity to save larger deposits remain contributing factors. With government stimulus measures putting an additional $200 billion into our national household savings, more people are transacting than ever and Australian online marketplace Oneflare has released consumer data that supports these movements, showing removalist bookings are up 82%, and real estate agent bookings up 80%.
We’re working closely with a number of vendors over the coming weeks to bring more properties to market, and encourage those looking to buy to closely monitor our communications as we’ll keep you up to date on new local stock as it arrives.
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