March continues strong trends

Despite all the negative talk in the real estate circles, the month of March has proven to be another strong selling period according to Eastern suburbs real estate agency NGFarah. 

“Since the beginning of the month, we have nearly clocked up 20 transactions - a lot under Auction conditions and most over the reserve price” said Marketing Director Glenn Farah.

“There is no doubt that there has been a correction in the market with home buying and lending being far more difficult than it ever was in recent history - this is all adding fuel to a difficult market.”

On Saturday 16th March 2019, 27 Pauling Avenue in Coogee sold for $2,335,000 - $535,000 over the reserve price.

According to Licensee-in-charge Peter Goulding “the sales team are using the company’s long-standing experience to get the deals done. In most cases the first offer you receive on a property will be the best - knowing that is critical to the process.

“The responsibility of being trusted to manage someone’s greatest asset is massive. Having in-depth product knowledge, understanding market trends and having a strong sales culture all plays a part in getting the right results on the day.

“With two Saturdays remaining in March, NGFarah are confident that we can maintain momentum and continue the wave of sales the company is currently experiencing.”