As we edge towards the halfway mark for 2021, we’ve reached 61 total sales so far this year, marking a 52% increase on the 40 sales we’d done this time last year.
This month we set a new record price in the highly sought after waterfront estate for 742/2 The Crescent, a two bedroom, two bathroom, one car space home. With the owner occupier buyer demographic remaining dominant, purchasers are demonstrating their willingness to pay for the value they see in premium properties with desirable living features.
More details about this record sale are covered in our monthly May report here.
Local median prices have risen to $707,500, and this week’s data shows broader Sydney recorded a 3% value rise over May. Sydney has been forecasted to continue leading the country’s price gains with economists announcing that we may finish the year on a 21% increase to home values in our city.
At a national level, the rate of price growth across Australia was 2.2% over May, a rise on April’s 1.8%.
This week we’re bringing two exceptional entry level, one bedroom homes to market, ready to make any first home buyer’s property goals a reality. One with family-sized outdoor living with pure sunshine and accessibility (104/25 Hill Road), the other with contemporary charm, overlooking complex gardens (604/1 Half Street).
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