100% List to Sell Clearance Rate 26 Average Days for Auction Campaign $2.3m Average Sale Price 9Years' Experience 24 Sold Q3-Q4 '24 $55m Total Sale's Value Christian Percuoco Real Estate Agent While interest rates and inflation concerns have remained at the forefront of market dynamics, the region's strong appeal has helped sustain buyer interest and property values. As the year comes to a close, the effects of earlier interest rate rises continued to shape buyer behaviour and market activity. The elevated cost of borrowing has led to a more cautious approach among many buyers, particularly investors and first-time homeowners. Media coverage around the economic climate, including inflationary pressures and rising living costs, has further contributed to a sense of uncertainty. Despite these factors, Waverton and Wollstonecraft have demonstrated remarkable market resilience, underpinned by their status as highly sought-after suburbs within Sydney's prestigious Harbourfront Region. Thus, demand for properties in our local area has remained steady, driven by the ongoing appeal of the Lower North Shore lifestyle and excellent local amenities. The strong demographic profile, fueled by the prestige of these areas, continues to attract buyers. A driving force behind this sustained demand is the lack of available stock. For example, only 6 houses have sold in Waverton, while just 11 have sold in Wollstonecraft this year. The limited supply further reinforces confidence in the long-term value of these areas as prime investment destinations. The second half of 2024 has brought continued shifts to the real estate markets of Waverton and Wollstonecraft, reflecting both the ongoing economic challenges and the underlying resilience of the Lower North Shore. July - December 2024 | In Review. Welcome.
RkJQdWJsaXNoZXIy MTI3ODI1