Well, thankfully the worst of COVID does appear to be behind us for now. And for property markets, things have become a little bit more complicated, and this will continue to influence sale prices and rents over the coming months.
Positively, our economy does appear to be firmly in the growth stage. With the opening of international borders, however, a growing likelihood of interest rate rises and further tightening in the lending sector is coupled by some of the lowest unemployment rates we’ve seen in decades.
So predicting what’s going to happen in 2022 hasn’t gotten any easier. But judging by the levels of enquiry, the levels of attendees that are open homes and auctions and the current prices that we are still seeing for properties in the market,
strength is still very much there.
Much of the strength can be attributed to the current levels of supply. From the first of January to the 18th of March, there were 17 houses and 28 apartments sold in Cammeray.
And for the same period this year, there’s only been 6 houses and 17 apartments sold in Cammeray. The median price holds $3.6 million for houses and $1.23 million for apartments.
We’re currently marketing 1C Pine Street, a gorgeous freestanding federation home and almost 350 square metres of level land. With undercover parking and arguably one of the finest restorations of a Federation home, we’ve had the pleasure to represent.
41 Colin Street, a beautiful, split level, three bedroom home with off-street parking located in Cammeray’s Plateau Precinct
5/7-9 Raleigh Street, a beautiful three bedroom townhouse in an unbelievable location. And number 8 Raleigh Street a 260 square metre level block of land with north facing to the rear 40 metres to Maggio’s and the Laneway Cafe.
We are currently preparing several other properties for market, which are due to hit in the next few weeks. So if you’re thinking about buying, please get in touch.
If you’re thinking about selling and would like to understand how 2022 looks to unfold. Then please get in touch for a confidential discussion.
On the 3rd of April this year, Ray White Lower North Shore Group will be participating for the eighth year in a row in the 20/twenty Challenge, where we will swim, walk, run and kayak 20 kilometres all to raise valuable funds and awareness for those living with cerebral palsy.
For advice on your property in this market, speak to Anthony and his team.