It is no wonder that the property market comes alive in Spring, with the warmer weather and gorgeous gardens, buyers come out in droves and traditionally there are more properties on the market.
The team at Ray White took 6 properties to Auction on Sunday 16th of October, 2 sold prior, 3 sold under the hammer and one sold shortly afterwards. This represents a 100% clearance rate. The average sale price of the 6 properties was $958,333 and included a price record for 2016 for a 2 bedroom home ($875,000 – 61 Wentworth Street, Blackheath).
Our November Auction campaign is starting soon, with the first open home on Saturday 29th of October and the Auction booked in at Blackheath Golf Club for Sunday 20th November. We have three fantastic properties already signed up for this Auction. Keep checking our web-site to be the first to find out where these properties are located http://raywhiteupperbluemountains.com.au/
National Housing Market Outlook
Interest rates are currently at an all time low, with the Reserve Bank of Australia recently dropping rates again. ‘This is likely to fuel the market, particularly in Sydney, with strong price growth and high clearance rates expected in Spring’ says CEO of Ray White Stephen Nell.
If you would like a more detailed report of the local property market call the office on 02 4787 8797 or email jessica.ridder@raywhite.com and request a free Market Report.
The Upper Blue Mountains property market continues to demonstrate resilience, with buyer demand remaining steady across a diverse range of purchaser groups, including local owner-occupiers, Sydney tree-changers, investors and retirees. While the number of transactions has eased compared to the same period last year, property values have continued to strengthen and homes are selling more … […]
The Upper Blue Mountains property market remains strong, driven by lifestyle demand and Sydney buyers seeking space and natural beauty. Blackheath’s median house prices are near $880,000 with solid annual growth and quick sales, reflecting steady buyer interest. Katoomba also shows healthy house values, with a median house price of $870,000 and reasonable days on … […]