Increasing competition amongst buyers continues to rise

At a record total of 15 properties already exchanged, we are on track to celebrate September as the best performing month we have ever experienced. In the past week alone, we’ve exchanged nine properties - 688/4 The Crescent, Wentworth Point (off market), 402/19 Verona Drive, Wentworth Point (off market), 605/4 Nuvolari Place, Wentworth Point (off market), 206/16 Corniche Drive, Wentworth Point, 507/3 Waterways Street, Wentworth Point, 804/47 Hill Road, Wentworth Point, 302/23 The Promenade, Wentworth Point, 4/21 Gibbons Street, Auburn and 1/337-339 Beamish Street, Campsie. 

With a dwindling level of supply and high demand from active, confident buyers in the market, we have seen an unprecedented level of price growth. The sale of 804/47 Hill Road created very close competition between multiple buyers, before eventually exchanging at a building record price, after only eight days on the market. Increasing competition amongst buyers in the market certainly continues to rise, with 3 of our sales this week attracting strong offers from numerous buyers. 

Current sales performance is setting an indicative benchmark of what buyers can expect in the coming months. For those actively looking to purchase and benefit from having a wider choice of properties to select from, flexibility is strongly encouraged in the current environment.