Exciting times ahead in real estate! As we kick off 2024, we're witnessing a shift in housing dynamics. New stock is coming and will continue throughout the year. Don't listen to the media hype; distressed sellers are a small minority of the market. Homeowners are rethinking costly renovations and considering 'trading up' as a more cost-effective alternative. We've been guiding property owners on savvy choices and what their options are, it's something we enjoy discussing. In 2023, only 25 houses changed hands in Wheeler Heights, and we are proud to have sold 10 Windermere Place, Wheeler Heights for the highest price in the year being $3,010,000. Our database is geared up with ready buyers for a dynamic 2024. Wheeler Heights rentals are on the upswing; granny flats are leasing at $750 - $800 per week, standard homes at $1,200 - $1,400 per week, and large modern homes with a pool fetching $1,600 - $2,000 per week. If you would like to discuss anything rental, please reach out to Victoria McAree on 0421 523 763. Market Update. As proud supporters of Wheeler Heights Public School, Cromer Golf Club, and various sports teams, we're committed to giving back! Our team are looking forward to the year ahead and no doubt we'll be in touch in some way or another! Please keep our details on file if you require any advice or have real estate questions as we progress the year. We can help with answering questions such as: • What renovation ideas will add the most value? • What do you need to do to prepare your home for sale? • Should you renovate and stay or sell and move? • When is the best time to sell? • What costs are associated with moving? Following is a compilation of sales in Wheeler Heights for 2023 and some testimonials from our vendors. We look forward to connecting with you in 2024. Warm Regards, Nick & Howie
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