Spring Property Update

Due to Covid, the ongoing shortage of properties, increasing demand and ultra low interest rates have created price growth that has not been seen since the late 1980’s. So if you’re thinking of selling, now’s the time. Here are more reasons why…

Remarkably, Sydney home prices rose 1.8% in August 2021 and are 18.9% up over the last 12 months. First home buyer numbers are also 67% higher as of June 2021. We recently sold an unrenovated house on a good sized block of land in Arden Street, Coogee where nine bidders registered resulting in the property selling two million dollars over the reserve. This is not a singular result, we are seeing some incredible results across all sales.

We also have buyers who are ready to purchase now and are willing to pay a premium. This is especially so, as sales listings are down by nearly 50% and buyers are very motivated to secure available listings. 

If you would like to discuss the current market value of your property please contact myself on 0417 250 691 or james@coogeeere.com.au – I’d love to chat.

James Giltinan