• September 10, 2020

Spring has arrived, homes are looking their best and we can confidently say that our market is holding strong. The first weekend of Spring auctions saw Cobden & Hayson with an impressive 100% clearance rate, with all our properties either selling under the hammer or prior to auction. We’re continuing to see solid buyer confidence and an eagerness to purchase across our market’s full price spectrum, with good attendances at open homes.

9-11 Leichhardt Street, Glebe

In a show of strength for the prestige sector, David Carrozza sold 9-11 Leichhardt Street, Glebe for around $4.15m prior to auction. David comments, “My team provided a really clear plan for the best way to present the home, assisting with some presale enhancements and co-ordinating trades. We knew exactly what needed to be done to emotionally connect with buyers while ensuring we didn’t over-capitalise. Our marketing proved to be extremely successful, with 17,110 online views, 301 email enquiries, 79 inspections and nine contracts issued. Our experience in the prestige market meant we were able to provide the buyer with confidence that they were securing a fantastic home in one of the best streets in Glebe. Given the current confidence in the market, if property is priced correctly from the start and engaging buyers immediately, great results and ample competition within a short timeframe are definitely achievable. I believe that prices will increase due to lower stock levels and Christmas fast approaching and an increasingly small window of opportunity to purchase before the end of the year.”

251 Annandale Street, Annandale

David also sold an unrenovated character home on 513sqm at 251 Annandale Street, Annandale, with spirited bidding taking the price to around $3m. “We used our database to great effect for this sale by extracting offers and gaining a really good understanding of the market’s perception of the value of this unique home,” he says. “Through our local knowledge we were able to convey the advantages of the property to buyers, with an estimate of its value once renovated given its coveted North Annandale location.”

8/14 Gillies Street, Wollstonecraft

Justine Collins, who recently joined our Lane Cove office, is building on her great local reputation, selling 8/14 Gillies Street, Wollstonecraft for $120,000 above reserve. Justine comments, “We undertook some minor cosmetic works prior to marketing the property – new carpet in bedrooms, fresh paint throughout and full styling – to ensure it had instant appeal. We had 70 groups through however one week out from the auction we had strata issues that we had to disclose to all interested parties. This was challenging as we didn’t know if we could hang onto the buyers we had and if it was going to damage all the hard work we’d done. However, through some diplomatic buyer management we managed to put their minds at rest. In the end we had three registered bidders, with the ultimate buyer viewing the property five times before seeing the appeal and value in what was a really great apartment in the heart of Wollstonecraft.”

Buyer work

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

At Cobden & Hayson we know what it takes to help you through the buying process. We conduct weekend, mid-week and private inspections to ensure potential buyers can view a property at a time that suits them. At C&H we have a centralised database shared between five office locations with an avg of 600 new buyer’s being entered each week. We inform eager buyers of the freshest new property listings through email, text or a phone call providing them with an opportunity to view a property before it’s listed on public real estate portals. We build close relationships with buyers with our aim being to link them with their ideal new home all the while providing them with accurate area information, so each buyer can make a smart buying decision. If you’re looking to buy, we’d love to help you today.

See a different view

Join our mailing list to get the inside track on CH insights and market updates.

Stay alert, stay sharp and stay informed with the latest property news, reviews and data from CH.

View Now

Join our mailing list to get the inside track on CH insights and market updates.