Five months of median price rises

We exchanged four properties this week - two single bedroom apartments, and another two, two bedroom homes, all in Wentworth Point.

After two days on the market, 113/14 Baywater Drive was exchanged and set a new record price for a two bedroom apartment in the Messina building. Similarly quick to be snapped from the market was 307/57 Hill Road, exchanged in an off market negotiation after its first and only open home. 

Wentworth Point’s median price has continued to increase for the fifth consecutive month this year, now sitting at $707,500, up from $705,000. This upward trajectory is in line with the broader Sydney market, with the median apartment value currently sitting at $771,859, up from $734,198 at the beginning of the year. Over April, our national housing market peaked at $8.1 trillion in value, a figure that surpasses the combined value of superannuation, shares, and commercial property by $1 trillion.

Based on these trends, we expect that median prices will continue increasing, and competition will remain steadily high. For those looking to purchase, the right property still remains within your reach. We have the track record to help you secure it, with our sales accounting for approximately 32% of all properties sold in the area this year. 

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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