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Record demand drives property prices

By Geoff Smith

With low levels of stock on the market to start the year, this trend has carried through all of the first quarter of 2021. We have seen unprecedented buyer demand which has led to the surge in home sales and properties selling quickly, pointing to a strong autumn selling season. Ray White Lower North Shore Group sold 110 residential properties alone from 1st January to 31st March 2021.

The auction clearance rate for Sydney alone points to strong price growth. On 27 March, a clearance rate of 87 per cent marked eight Saturdays in a row where more than 80 per cent of homes scheduled for auction, sold under the hammer.

The REA Insights report showed the volume of visitors searching for properties for sale on realestate.com.au had increased by 57.8% compared to a year ago.

The average number of views per listing on realestate.com.au hit a record high in February 2021, rising by 73.9% compared to February 2020, the month before coronavirus restrictions and lockdowns began across Australia.

A selection of our recent sales…


15A Parriwi Road, Mosman
5 Beds 5 Baths 2 Cars
Undisclosed
View listing


184 Kurraba Road, Kurraba Point
6 Beds 3 Baths 2 Cars
Undisclosed
View listing


11b Redan Street, Mosman
6 Beds 3 Baths 2 Cars
Undisclosed
View listing

Geoff Smith | +61 418 643 923 | geoff.smith@raywhite.com

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