Our local prestige market continues to thrive

While much of the property market is showing signs of cooling, the prestige end of the spectrum $4m+ is still buzzing with demand. Even though the headlines might try to tell you a different story, the upper end of our local property sector is still performing well and is showing no indication of slowing, if recent results are anything to go by. While the remainder of the market starts to normalise, marquee properties are still delivering bullish prices, creating a two-tiered market of sorts.

An example of this was 60 Henley Marine Drive, Rodd Point, which lays claim to an increasingly popular location and was recently sold for $4m by Daniel Patterson and Alex Trovato. CH only traded the property 10 months prior for $3.251m, which represents around 24% growth in less than a year for an identical asset, reinforcing the strength in the top-end buyer pool.

CH has always maintained a great track record in the prestige sector – in fact, we currently hold a 33% market share across $4m+ property sold in the 2039 and 2041 postcodes. We also finished last year on top of the prestige end in terms of market share.

We’re fortunate to have some really impressive high-end listings at the moment so it’s a great time to get out there, attend open homes and chat with our team.

Here are some prestige properties to check out this weekend:

16 Llewellyn Street, Balmain

59-61 Darling Street, Balmain East

40 Tranmere Street, Drummoyne

11 Adolphus Street, Balmain

It’s what we do behind the scenes all day every day that matters most 

At CobdenHayson, we are selling more property in a range of areas than our competitors, which provides deep insight into what is motivating buyers and sellers. As we meet more buyers each week, we quickly pick up subtle adjustments in sentiment and can adjust our guidance and information to match the mood of the market. We’re not a cookie cutter agency, we’re constantly evolving around the nuances of the market to ensure both buyers and sellers are provided with the most accurate and up to date information. We understand buying and selling can be a challenge but if an agent can provide genuine well-supported information it certainly helps to provide trust and comfort. Buying or selling? We’d love to help.

Posted in All Offices, Inner West, Prestige Home on 24th March, 2022