June and July 2023
The Fairlight and Sydney property sale market is showing remarkable resilience to increasing interest rates and faltering economic data.
The full effect of the expiry of a large quantity of fixed rate loans to new higher variable rates has not yet materialised with many questioning if in fact it will.
With low stock volumes and robust buyer demand, recent sales have attracted intensified competition amongst buyers and a resulting higher clearance rate for auctions.
The full effect of the expiry of a large quantity of fixed rate loans to new higher variable rates has not yet materialised with many questioning if in fact it will.
With low stock volumes and robust buyer demand, recent sales have attracted intensified competition amongst buyers and a resulting higher clearance rate for auctions.
7
Number of Houses Sold
11
Number of Units Sold
24
Average Days on Market
$5.7m
Highest Sold Price
2.8%
Rental Yield – Units
$1.1m
Median Sale Price
| Address | Price | Bed | Bath | Car |
| 7/46 Griffiths Street | $1,080,000 | 2 | 1 | 1 |
| 1/2 Fairlight Crescent | $845,000 | 1 | 1 | 0 |
| 18 Willyama Avenue | $5,700,000 | 3 | 2 | 4 |
| 2/38 Lauderdale Avenue | $1,142,000 | 2 | 1 | 1 |
| 156 Sydney Road | $2,170,000 | 3 | 1 | 3 |
| 13/149-153 Sydney Road | $880,000 | 1 | 1 | 1 |
| 13 Clifford Avenue | $3,780,000 | 3 | 2 | 1 |
| 47 Upper Clifford Avenue | $4,700,000 | 4 | 2 | 1 |
| 4/122 Sydney Road | $1,200,000 | 2 | 1 | 0 |
| 28 Francis Street | $3,500,000 | 3 | 2 | 0 |
| 1/40 Rosedale Avenue | $1,420,000 | 2 | 1 | 0 |
| 2/15 Bolingbroke Parade | Confidential | 2 | 1 | 0 |
| 79 Balgowlah Road | $1,950,000 | 3 | 2 | 1 |
| 10-12 Woods Parade | $2,300,000 | 3 | 2 | 1 |
| 6 Brisbane Street | $5,350,000 | 5 | 4 | 1 |
| 39 Griffiths Street | $2,500,000 | 2 | 2 | 1 |
| 5/1A Bolingbroke Parade | $2,310,000 | 3 | 2 | 1 |
| 5/7 Fairlight Crescent | $1,610,000 | 2 | 1 | 0 |
| 8 Northcote Avenue | $3,715,000 | 3 | 2 | 1 |
