August 2018: Market Update

As we start to head out of the winter months towards spring, better quality properties are being listed For Sale and Auction.

However, Glenn Farah – Marketing Director and Partner of N G Farah – said that “Real Estate is a literally a week to week proposition, the market has so many variables which ultimately effect the confidence of the buyer and it is the confidence of the buyer and their willingness to make an offer, that determine market values.

“Only last week - in arguably the quietest month of the year – N G Farah sold and settled three significant properties, totalling over $8 million in real estate transactions.

“The banks have done their level best to restrict buyer activity and make lending conditions the most difficult in many decades, but ultimately Sydney is a thriving real estate metropolis and the right money for the quality properties will always be there even in a tougher market.”

    24 St Luke Street, Randwick 
    $4,200,000
    Sold by Martin Farah

    63 Victoria Street, McMahons Point
    Undisclosed
    Sold by Joe Recep

    25 Myuna Road, Dover Heights
    $2,600,000
    Sold by Martin Farah and Beau Champion