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Investor Report February 2015

By Ian Campbell

First auctions for year “Strong and Steady”

Ray White Elizabeth Bay is pleased to report a 100 per cent success rate for its first auctions for 2015.

Three apartments in Elizabeth Bay and two in Darlinghurst were sold under the hammer during the well-attended auction on the evening of February 19.

Four of the buyers were owner occupiers and one was an investor with results ranging from $433,000 to $835,000. There was solid competition for the all of the one and two bedroom apartments with properties selling slightly over reserve.

While bidding was lively, it was certainly more considered than the frenzied atmosphere experienced at many Sydney auctions last year.

Renovators delight or dream views ?

Ray White Elizabeth Bay has a broad range of properties for auction in March.

A two bedroom apartment needing complete renovation in landmark Art Deco building “Kurrajong” has attracted a huge amount of interest.

Located in a trendy neighbourhood at 136 Darlinghurst Road, the apartment is a hit with creative young couples and those looking for a rare blank canvas in a popular area.

On the other side of the spectrum, a luxury two bedroom, two bathroom apartment with secure undercover parking in iconic “Gazebo” offers an upmarket lifestyle complete with stunning water views to North Head and Elizabeth Bay.

For more information and a complete list of our properties for sale, call our helpful sales team on 9331 9600 or visit our website at www.raywhiteelizabethbay.com.au

Historically Low Interest Rates

The Reserve Bank’s recent decision to lower interest rates has prompted many to review their current home loans to consider whether they may be able to find a better deal.

Meanwhile, others are considering taking advantage of the historically low interest rates to enter the property market.

If you need help with financing, Gary Phillips – the Loan Market representative responsible for servicing our landlords and clients – will be happy to help. Gary can be reached on 0413 100 302.

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