September is closing with stellar performance figures, as we hit 17 sales - seven off market - in lockdown this month. These results lift our yearly total to 119, an additional 51 transactions from where we were at this time last year.
The one property we exchanged this week was simply a standout. 101/25 Hill Road, Wentworth Point was linked with its new owner-to-be after just four days on the market, blowing its last building record for a two bedroom, one bathroom apartment out of the water. We’ll let you know how much it sold for once the cooling off period ends.
Further supply declines and increasing buyer demand are driving impressive results in a market more competitive than ever. The median price in Wentworth Point has increased for the ninth consecutive month, and promising new data shows that Sydney's unit prices are growing at the same pace as houses for the first time since the market’s recovery, with the narrowing gap attributable to the greater affordability of units.
