Quick sales and big results appear to have been the market trend so far this month.
First National’s George Rafty and Ray White’s Brett Bailey both told Domain through the week that a slow start to the year appeared to be over and quality homes in sought-after locations were generating good sales.
Mr Rafty spent just 20 minutes negotiating with buyers before a “knockdown” home in The Junction’s Kenrick Street was unconditionally sold within 24 hours for $1.6 million. The property had Development Application approval to build duplexes and was secured at auction for $1.36 million in June of last year.
Mr Rafty also sold a 1960s tri-level waterfront home on 2609 square metres of land in Coal Point’s Skye Point Road prior to auction for $2.2 million.
Another Coal Point property in Robey Road that was owned by First National Toronto principal David Westerman sold for an undisclosed sum after being marketed for $1.65 million to $1.75 million.
A renovated 1870s terrace in Newcastle’s Noster Place marketed by PRDnationwide with a guide of $1.4 million sold prior to auction for an undisclosed sum.
Mr Bailey set new street sale records when he sold 39 Forbes Street, Carrington for $1.01 million and 3 Percy Street, Hamilton for $1.18 million.
Steve Cornes recorded a street record of $1.63 million with the sale of 8 Rani Close, Speers Point.
Mr Cornes is a former PRDnationwide agent now with Premier Estate Agents,
“Whilst the year got off to a slow start in the first six to eight weeks, for quality properties there’s still a market and good prices can still be achieved,” Mr Bailey said.
“Both were people who knew the area and both wanted to live in the right house in that area.”
Steve Cornes, a former PRDnationwide agent now with Premier Estate Agents, recorded a street record of $1.63 million with the sale of 8 Rani Close, Speers Point of $1.63 million.
The previous highest sale was $1.6 million in September last year.