Friday, 2 December 2016

New South Wales real estate

IT’S not just the top-end harbor front  homes setting records across Sydney during the just-completed blockbuster spring sales season, with stellar prices paid in suburbs as far from the water as Raby and Mt Annan. Sydney’s annual price growth is now 13per cent higher than the same time last year, according to the latest­ Core Logic data. While waterfront homes still maintain a certain cache, they don’t necessarily need to be overlooking Sydney Harbor to attract top dollar. A six-bedroom, four-level home complete with boating facilities on Kogarah Bay smashed the Sans Souci record by more than $3 million when it sold last month for $9.105 million. In nearby Kyle Bay, a five-bedroom home set the non-waterfront record for that suburb at $3.78 million. In Strathy field the sales ­record was equaled and then blown out of the water in just two months. A four-bedroom Newton Rd home sold for $6.8 million in August and then, just weeks later, an eight-­bedroom Allandale Ave manor sold for $7.3 million. Bellerose agents are expecting a record to be broken with the listing of Kameraigal, which has a price guide of$8.75 million. Mt Annan recorded its first $1 million-plus sale with a six-bedroom home plus granny flat opposite the ­botanic gardens fetching $1.07 million last month. And a grand residence in Raby fetched$1.36 million, after last selling in 1986 for just $64,000.Of course Altona, one of Sydney’s most iconic trophy homes, beat its own record of $52 million set in 2013 when it sold again recently for $60 million-plus.

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