Welcome to the August monthly report from Rose & Jones, where we recap the latest insights from the last 60 days to inform your property search.
The insights presented here will assist you in understanding recent market trends, guiding your real estate decisions in the luxury property sector.
Regional Snapshot
- Fastest Selling Suburb: Woollahra (14.5 days)
- Highest Vendor Premium: Balmain (+3.05%)
- Most Active Rentals: Elizabeth Bay (160 listings)
- Largest Buyer Leverage: Bellevue Hill (-1.80% discount)
Bellevue Hill, NSW 2023
- New Sale Listings: 47
- Average Days on Market: 21.7
- Average Vendor Discount: -1.80%
- Recently Advised Sales: 28
- Recently Withdrawn Listings: 69
- Total Rental Listings: 156
Key Insights:
Bellevue Hill remains active with 47 listings and 28 sales, though a high number of withdrawals (69) suggests mismatched pricing. Average selling time is 22 days, indicating efficient turnover. The -1.80% vendor discount highlights buyer negotiation power. With 156 rentals, investor options remain broad.
Darling Point, NSW 2027
- New Sale Listings: 16
- Average Days on Market: 22.9
- Average Vendor Discount: -0.63%
- Recently Advised Sales: 9
- Recently Withdrawn Listings: 21
- Total Rental Listings: 88
Key Insights:
Darling Point is performing steadily, with nearly 60% clearance (9 of 16). Homes are selling in 23 days, with minimal vendor discounting (-0.63%). Rental listings at 88 highlight strong ongoing demand in this blue-chip suburb.
Elizabeth Bay, NSW 2011
- New Sale Listings: 37
- Average Days on Market: 17.8
- Average Vendor Discount: +0.88%
- Recently Advised Sales: 27
- Recently Withdrawn Listings: 52
- Total Rental Listings: 160
Key Insights:
Elizabeth Bay is one of the strongest performers, with 27 of 37 listings sold. Homes transact in under 18 days, and vendors are achieving a +0.88% premium above asking. With 160 rentals, leasing demand underpins investor opportunities.
Woollahra, NSW 2025
- New Sale Listings: 23
- Average Days on Market: 14.5
- Average Vendor Discount: +0.36%
- Recently Advised Sales: 14
- Recently Withdrawn Listings: 54
- Total Rental Listings: 112
Key Insights:
Woollahra has one of the fastest sales cycles, at just 14.5 days. Vendors are achieving a modest +0.36% premium, showing strong demand. With 23 listings, 14 sales, and 54 withdrawals, buyers and sellers remain selective. Rental stock is healthy at 112 properties.
Milsons Point, NSW 2061
- New Sale Listings: 13
- Average Days on Market: 45.8
- Average Vendor Discount: -1.09%
- Recently Advised Sales: 9
- Recently Withdrawn Listings: 18
- Total Rental Listings: 53
Key Insights:
Milsons Point shows slower momentum, with properties taking 46 days to sell. Vendor discounts of -1.09% provide negotiation space for buyers. Rental supply sits at 53, catering well to investor demand.
Balmain, NSW 2041
- New Sale Listings: 35
- Average Days on Market: 17.1
- Average Vendor Discount: +3.05%
- Recently Advised Sales: 26
- Recently Withdrawn Listings: 44
- Total Rental Listings: 142
Key Insights:
Balmain is one of the strongest markets in this dataset, with 26 sales from 35 listings and homes selling in just 17 days. Vendors are commanding a +3.05% premium, highlighting intense buyer competition. Rental listings at 142 indicate solid investment potential.
Summary of August Insights
Sydney’s prestige and inner-ring suburbs remain resilient. Balmain, Elizabeth Bay, and Woollahra show strong vendor confidence and rapid sales cycles. Conversely, Bellevue Hill and Milsons Point offer buyers more room to negotiate, providing a balanced set of opportunities for investors and owner-occupiers.
For more detailed advice tailored to your specific needs, feel free to reach out to Byron Rose at Rose & Jones.
