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Connells Point

blue

Kyle Bay

Hurstville Grove

report Considering selling?

Michael Luck 8070 7705 0414 250 718 mluck@gavanproperty.com.au

As I specialise in your area, please call me personally if you’ve been considering selling or would even just like to know what your home is worth.

recently

SOLD

.com.au gavanproperty

For more information visit us on gavanproperty.com.au

Connells Point

SOLD

1 / 81 Greenacre Road

Hurstville Grove

SOLD

13 Waitara Parade

Kyle Bay

SOLD

11 Kyle Parade

SOLD

11 / 12-14 Homedale Crescent

SOLD

40 West Crescent

SOLD

3 / 11 Merriman Street

SOLD

38 Wisdom Street

SOLD

58 Jellicoe Street

SOLD

6 Cross Street

SOLD

72 Morshead Drive

SOLD

63 West Crescent

SOLD

96 Kyle Parade

Disclaimer: All information contained herein is from various sources that we believe to be correct although we cannot warrant the accuracy. We suggest any interested parties to make their own enquiries. Sales information relates to sales by Gavan Property, jointly in association with other agencies or exclusively by other agencies.


Connells Point

market views We have already seen the positive effects on the property market of the lowest interest rates in over a decade. Combining this with the strength in the Australian economy, recent certainty of the Australian Government and the Spring Season, we expect the next few months to be the strongest for the property market in recent years. Recent research from RP Data and Rismark confirms this encouraging trend. It shows that house values have continued to rise again in July this year. The housing market experiences very positive conditions in Sydney and Perth with residential values in Sydney now 3.7 per cent higher over the past months from May to July. After the Australian real estate market suffered from a major drop in prices in May 2012, the current rises in value are highly welcomed, and have helped the market to recover by 6.5 per cent since its decline. Sydney remains the most sought after and yes, also the most expensive city in Australia with a median dwelling price of $ 570,000. All indicators are that, with the recent growth in the property market and the alignment of a number of influencing factors, now is the optimum time to realise the maximum value in selling your real estate. Increasing buyer demand has been apparent in recent sales due to the fact that properties are spending less time on the market for sale. A typical capital city dwelling is selling in only 45 days compared to 59 days last year. Sellers are no longer heavily discounting their prices and auction clearance rates remain very high around 80 per cent in Sydney compared with around 55-60 per cent a year ago.

55

properties sold this year

Highest sales price:

$2,600,000

Median sales price:

$1,050,000

Hurstville Grove

48

properties sold this year

Highest sales price:

$2,900,000

Median sales price:

$924,500

Kyle Bay

14

properties sold this year

Highest sales price:

$2,500,000

Median sales price:

$1,357,500

Your area specialist

Yours sincerely,

Michael Luck 8070 7705 0414 250 718 mluck@gavanproperty.com.au

Daniel Gavan Managing Director

We’ll

ü Higher rents $$ ü Quality tenants ü Minimal vacancy Call us today on 9547 1000

protect

your rental property

t fee n e m e g a 0% man t 3 months. firs for your or free f s u y r T strings. o n , k is no r

Blue report connells point hurstville grove kyle bay  
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