Half Yearly Market Wrap
Get Ready To List Before Spring
We’re already half way through the year and are pleased to report that PPD has sold more than double the amount of properties than our nearest competitor in the eastern suburbs (source REA). Partner Jason Pantzer says, “Stock levels have been down in the first six months of the calendar year, however, demand for PPD listings has been at record highs resulting in the sale of 232 properties since January. We’re expecting a flurry of buyer activity in spring from both homeowners and investors. This activity is due to APRA relaxing its threshold and the RBA dropping rates twice and, for investors, the obvious catalyst is that of a Liberal Party election victory.”
With the RBA cutting rates to historic lows this week, we foresee that the market will see a spike in activity as the cuts increase buyer’s borrowing power and bring affordability and stabilisation to the property market. Our advice to anyone looking to sell would be to list in August or September before spring’s influx of stock to the market that peaks in October and November.
Upscale Living In A Downtown Setting
Nothing embodies urban glamour more than a warehouse conversion and our universal love for warehouse apartment living makes these unique homes highly desirable. The buildings themselves have an authenticity that’s impossible to recreate while high ceilings, big windows and rooftop terraces make them great spaces to live in. Partner Debbie Donnelley and Nick Quilkey have just listed a two-storey skyhome in The Trossachs building at 7/85 Boundary Street, Darlinghurst. Nick says, “This apartment has a very special feel about it, located on the top floor with district views and an abundance of natural light and privacy. The interiors have been renovated to a standard not often seen in an apartment so I’m sure it will highly sought after.”