We kicked off the first week of July with the exchange of four properties - 207/1 The Piazza, Wentworth Point, 440/21 Marine Parade, Wentworth Point 104/25 Hill Road, Wentworth Point and 902/5 Waterways Street, Wentworth Point. Despite temporary lockdown measures, buyers are demonstrating continued confidence and we’re transacting at the same pace.
Lifestyle remains at the forefront of location and choice now, with more people working from home than ever, and the need for immediate proximity to transport and office locations reducing greatly.
Wentworth Point remains a suburb that delivers undoubted value, even with month-to-month increases on median prices. Neighbouring Rhodes’ current median price of $938,000 is more than $215,000 higher than Wentworth Point’s, which still offers affordability in a rising market, alongside unmatched lifestyle features such as cycle tracks, parklands, and a beautiful waterside setting.
Three of our most recent ten sales (30%) have been to investors, and we’ve experienced a notable jump in investor enquiries on our properties listed for sale. Recently published Australian Bureau of Statistics lending indicators figures have backed these observations, with investor loan commitment values rising 13.3% over May to their highest level since June 2015, and a compelling 116% higher than May last year.
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