In this report, we offer an in-depth analysis of the property market in several prestigious suburbs of Sydney. The insights presented here will assist you in understanding recent market trends, guiding your real estate decisions in the luxury property sector.
Surry Hills NSW 2010
- New Sale Listings: 119
- Average Days on Market: 24.65
- Average Vendor Discount: 0.74%
- Recently Advised Sales: 80
- Recently Withdrawn Listings: 140
- Total Rental Listings: 465
Key Insights:
Surry Hills has seen substantial new listings, with 119 properties entering the market, averaging just under 25 days before sale. A vendor discount of 0.74% indicates that properties are generally selling close to their asking prices. High rental listings (465) suggest a robust rental market, making Surry Hills an appealing area for investors looking to cater to tenant demand.
Randwick NSW 2031
- New Sale Listings: 144
- Average Days on Market: 14.83
- Average Vendor Discount: 0.83%
- Recently Advised Sales: 90
- Recently Withdrawn Listings: 157
- Total Rental Listings: 423
Key Insights:
Randwick is one of the most active markets, with 144 new sale listings and a short average market time of 14.83 days, reflecting strong buyer interest. The vendor discount is 0.83%, suggesting minimal room for negotiation. With 423 properties available for rent, Randwick provides numerous options for renters, supporting a dynamic rental environment.
Queenscliff NSW 2096
- New Sale Listings: 27
- Average Days on Market: 9.15
- Average Vendor Discount: 2.68%
- Recently Advised Sales: 12
- Recently Withdrawn Listings: 23
- Total Rental Listings: 48
Key Insights:
Queenscliff properties are moving very quickly, with an average of just over 9 days on the market. The highest vendor discount across the suburbs (2.68%) indicates that buyers may find more opportunities to negotiate prices. With relatively low rental listings (48), Queenscliff might appeal to investors looking to tap into a market with limited rental stock.
Bondi NSW 2026
- New Sale Listings: 57
- Average Days on Market: 15.48
- Average Vendor Discount: 1.68%
- Recently Advised Sales: 42
- Recently Withdrawn Listings: 97
- Total Rental Listings: 254
Key Insights:
Bondi is a highly sought-after location with 57 new listings and a brisk market duration of approximately 15.5 days. The vendor discount of 1.68% suggests some room for price negotiations. A substantial number of rental listings (254) further highlight Bondi’s strong appeal to renters, making it a favourable location for investment.
Bronte NSW 2024
- New Sale Listings: 31
- Average Days on Market: 15.97
- Average Vendor Discount: 0.27%
- Recently Advised Sales: 17
- Recently Withdrawn Listings: 15
- Total Rental Listings: 81
Key Insights:
Bronte has seen moderate listing activity, with properties spending around 16 days on the market. The low vendor discount (0.27%) indicates that buyers are largely paying close to asking prices. Bronte’s limited rental listings (81) suggest a relatively tighter rental market, which could appeal to investors seeking stable tenant demand.
Coogee NSW 2034
- New Sale Listings: 88
- Average Days on Market: 11.14
- Average Vendor Discount: -0.93%
- Recently Advised Sales: 79
- Recently Withdrawn Listings: 98
- Total Rental Listings: 270
Key Insights:
Coogee properties are selling rapidly, with an average of only 11 days on the market, and the vendor discount of -0.93% suggests some upward pressure on prices, possibly due to high demand. The significant volume of rental listings (270) points to Coogee’s popularity among renters, offering a promising investment opportunity.
Summary of November Insights
Despite a trend suggesting slowing growth across Sydney, these suburbs are reflecting a competitive property market in the region. With properties being snapped up in just two weeks, Randwick, Surry Hills, and Bondi are showing strong activity and high buyer interest. Queenscliff offers the highest vendor discount, giving buyers power to negotiate, whilst Coogee shows signs of a very active market with fast sales and slight price increases.
If you are considering buying or investing in the Eastern Suburbs or Northern Beaches and you want to make sure you can beat the competition, our team of buyer’s agents can help you to put your best foot forward. For help getting started or more detailed information on any of these suburbs, please feel free to reach out to Byron Rose at Rose & Jones.
