news

Winter hotspots revealed

By webmaster

Despite the recent winter property market cool-down, there are still some active hotspots, Raine & Horne chief executive officer Angus Raine has said.

According to Mr Raine, listings in many Sydney suburbs have been up since April, which is creating symmetry between buyer demand and supply.

“This is maintaining robust prices in those locations with median prices typically above $800,000,” Mr Raine said.

Leading performers include inner and medium ring suburbs such as AnnandaleAnnandale, NSW Annandale, QLD, Bronte, Darlinghurst, EppingEpping, VIC Epping, NSW, Killara and Zetland.

Raine & Horne Bondi Beach licensee-in-charge Mary Anne Cronin said Bronte posed opportunities for sellers due to the shortage of homes available.

“It’s a small suburb which has some fabulous homes. It’s also tightly held, so there is a shortage of properties for sale, which helps boost demand and prices,” Ms Cronin said.

According to Ms Cronin, units, in particular, have been in short supply.

“For instance units in a 1970s-style block in Belgrave Street, Bronte sold for around $600,000 two years ago," she said.

“A similar unit in the same block recently sold for $880,000."

Winter hotspots revealed
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%