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.