Market Wrap Between numerous interest rate increases we have seen a real shortage of quality listings hit the market in 2023. Sales volume is down 33% in Darlinghurst, 9% in Surry Hills and 24% in Redfern for January - July, Year on Year. This is causing strong buyer demand throughout the local market hence a number of record prices being achieved. In particular, a recent sale setting a new building record by over $100k – 105/188 Chalmers Street, Surry Hills which we sold for $1,500,000 within 3 days on the market. We also, sold 30-32 Victoria Street, Potts Point for $14m, the 3rd highest ever sale price for the suburb. $8m Highest Sale Redfern FY22 $6.025m Highest Sale Redfern FY23 Last Year vs This Year. $6.25m $11.1m Highest Sale Surry Hills FY22 Highest Sale Surry Hills FY23 Highest Sale Darlinghurst FY23 $5m
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