With the property market commencing 2023 with uncertainty, the last six months has highlighted the desirability, the resilience and the quality of the Upper North Shore market. Increased migration, particularly Chinese immigrants and Chinese who have been living here longer term are drawn to the area resulting in large buyer numbers. This coupled with limited stock has created a significant challenge to the market with listings well down on last year. Frustrated buyers have become more aggressive in order to secure a property with competition fierce and property prices increasing. Despite various challenges, including the aftermath of the COVID-19 pandemic, multiple interest rate hikes, low consumer confidence, negative media coverage, and stricter lending regulations, the property market has been remarkably resilient and is now in a positive phase. Given the current supply-demand dynamics, it is likely that the upward trend will continue until supply catches up with demand. With these factors in play, now is an opportune time to sell and with my track record of exceptional sale prices, my extensive market reach and area knowledge I can offer a significant advantage. Highlights from this quarter: • An increase in Chinese immigration and a wealth of active Chinese buyers has seen the Upper North Shore, which is an area of choice for these buyers deliver outstanding results • The activity around knockdown/rebuilds is particularly strong with my team and I selling five in the last quarter including 28 Oxley Avenue St Ives, which sold for $3,960,000 – a record sale for a knockdown/rebuild on a land size under 1000sqm • Q uality built, architecturally designed and luxury new builds are also garnering strong buyer interest with 22 Catherine Street St Ives highlighting this. The property on 695sqm sold for an unprecedented $6 million in just 4 days • The Upper North Shore satisfies all the desirable criteria including elite public and private schools, excellent amenities and reliable transport ensuring its ongoing outstanding growth If you are considering selling, I would be delighted to discuss how I can help you secure the highest price in the current market. Coco Cui Roskam 0422 683 409 coco.roskam@raywhite.com WHAT’S HAPPENING IN OUR MARKET?
RkJQdWJsaXNoZXIy MTI3ODI1