While auction clearance rates have dropped dramatically in some parts of Sydney in recent weeks, our area has generally been spared from suffering a similar fate due to steady demand and comparatively low supply.
Our office has enjoyed an average 92% success rate since February 2014, including auctions sold prior, under the hammer and within 14 days of the auction.
While the rapid approach of the festive season will no doubt draw focus away from the property market, we still expect interest to remain steady until the Christmas break.
The New Year looks set to be one of consolidation for property prices in our area after an extraordinary leap in values during 2015. While some have voiced fears of a price drop in some parts of Sydney, this is an unlikely scenario for our area due to continued strong demand and low supply. Another key factor keeping demand high is historically low interest rates making property investment an attractive proposition for many.
Festive Season Holiday Hours
Ray White Elizabeth Bay would like to wish our clients a very happy and safe festive season. We would also like to take the opportunity to take you for your ongoing support throughout 2105.
Our office will close on Wednesday December 23 and will reopen on Monday January 4, 2016. For any urgent matters during this time ??
Christmas Cheer for Needy Children
Would you like to spread some joy this festive season? Ray White Elizabeth Bay is once again teaming up with Kings Cross Rotary to donate Christmas gifts to local underprivileged children.
To take part, all you need to do is place a wrapped gift for a child under our Christmas tree in our office window.
Last year the appeal was a big success and we were able to put smiles on many children’s faces at the local Plunkett St Primary school.
So drop by our office with a gift that will help promote the spirit of giving at this special time of year.
Selling in the New Year?
If you are thinking of selling your property in the New Year, now is the time to speak with one of our helpful sales team. So call our office today on 9331 9600 to discuss the best strategy to achieve the highest price for your property in early 2016.