DiJONES sees strong start to 2018
The year has commenced with better than expected interest in both buying and selling property, according to DiJONES Real Estate.
“We have already seen solid demand for property across the markets, in particular the North Shore, Northern Suburbs and Eastern Suburbs of Sydney, and there is a 20 per cent rise in the number of auctions booked for February,” DiJONES Head Auctioneer Josh Larsen said.
“Stock levels are better than last year and there are lots of buyers who have decided that 2018 is the year to purchase a property."
“There is keen interest from first home buyers, who had decided to hold off until this year having seen the auction clearance rates fall away towards the end of last year,” he said. Mr Larsen said Sydney is made up of lots of different markets that are seeing their own unique conditions.
“There is strong interest in properties that are $3 million and above on the Upper North Shore. It is a market that softened in 2017 and there has been some good enquiry in regard to the top end prices. Meanwhile in the Eastern Suburbs, we saw over 80 groups of people go through a two-bedroom apartment on Pine Street, Randwick that exchanged prior to auction for $1,030,000, some $30,000 more than a similar property that last sold year. Good quality homes that are at the right price point will always see a strong level of interest. While last year was strong, we fell into a normal market in the second half and the number of buyers dropped off, but good prices were still achieved especially due to the aggressive nature of the purchasers,” Mr Larsen said.