First homes further benefit from 1 July

It has been an eventful week with the exchange of four properties: 403/46 Amalfi Drive (off market - $775,000); 31/88-92 Albert Road, Strathfield ($716,000); 802/5 Wentworth Place; and 661/3 Baywater Drive.

Marking our 25th off market sale for the year, 403/46 Amalfi Drive was sold off to a buyer we’d been working closely with, and through their relationship with us they were able to secure what they’d been looking for in a fast-moving market.

First home buyer activity is showing no signs of slowing, accounting for 9/12 of our sales this month. Recent NAB data recorded a 65% year-on-year increase in Sydney first home buyer lending, and this group has accounted for 70% (more than two-thirds) of our purchasers this year. As a further 10,000 positions open for the First Home Loan Deposit Scheme (FHLDS) from July 1, we expect a continued surge in first home buyer movements in the area.

For those still searching, 416/16 Baywater Drive ticks the box on a multitude of must-haves, with its low strata, private positioning, pleasant outlook, and study area representing excellent value at an affordable $680k-$720k price point. 

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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