It was great to see the auction market hot up yesterday with some strong, if not, bullish, sales in my key interest area.
A large 2 bed ground floor unit in bronte $690K and smaller 1 bed plus study on busy clovelly road, clovelly, $610K. A car space and no parking respectively. Older art deco vintage for both, though must say both stylishly renovated.
Very nice indeed since I was guessing around 70-90K lower for both.
As I see the auctions and gauge the interest the eastern Sydney beach areas are starting to remind me of 1993/94/95 where large chunks of Sydney were going nowhere or sideways but prices of well located apartments in this area rising each week at auction....
In my opinion it will always be these blue chips that will lead the recovery and stay strong over time - or at least that's what I'm hoping for given my investments there
Rents are another story - great increases and will no doubt get higher in the short term.
Any other observations from this part of town by people looking/buying there?
A large 2 bed ground floor unit in bronte $690K and smaller 1 bed plus study on busy clovelly road, clovelly, $610K. A car space and no parking respectively. Older art deco vintage for both, though must say both stylishly renovated.
Very nice indeed since I was guessing around 70-90K lower for both.
As I see the auctions and gauge the interest the eastern Sydney beach areas are starting to remind me of 1993/94/95 where large chunks of Sydney were going nowhere or sideways but prices of well located apartments in this area rising each week at auction....
In my opinion it will always be these blue chips that will lead the recovery and stay strong over time - or at least that's what I'm hoping for given my investments there
Rents are another story - great increases and will no doubt get higher in the short term.
Any other observations from this part of town by people looking/buying there?
