Welcome to this month’s Market Insights Report, prepared to provide you with a detailed analysis of select suburbs over the last 60 days. At Rose & Jones, we are committed to offering you crucial insights to aid you in making informed decisions about property investments.
This report has been thoroughly compiled with data sourced from CoreLogic, ensuring the highest standards of accuracy and reliability.
Why It’s a Good Time to Buy in These Areas:
The property market across these New South Wales suburbs is exhibiting diverse dynamics, making it crucial for potential buyers to understand the nuances. With varying levels of average days on market, vendor discounts, and rental availability, there are significant opportunities for both home buyers and investors alike.
Key Insights for Buyers:
These suburbs present varied opportunities depending on your investment goals. High-demand areas like Elizabeth Bay and Bellevue Hill offer stable markets with relatively short days on market, while Rose Bay presents a strong buyer’s market with significant discounts. Each suburb has its unique market dynamics, and understanding these can help you make the right property decisions.
Suburb Overview:
Vaucluse, NSW 2030
Vaucluse has seen 29 new sale listings in the last 60 days. The average days on market is 42.1, with a vendor discount of -0.88%, indicating a slight buyer advantage. There have been 14 recently advised sales and 33 recently withdrawn listings, reflecting a moderate level of market activity. With 86 rental listings currently available, Vaucluse offers ample options for both buyers and renters.
Rose Bay, NSW 2029
Rose Bay experienced 52 new sale listings, with properties spending an average of 37.76 days on the market. The average vendor discount is significant at -25.76%, suggesting a strong buyer’s market. The suburb recorded 24 recently advised sales and 45 withdrawn listings, signalling competitive conditions. There are 147 rental listings, making Rose Bay a favourable location for investment in rental properties.
Bellevue, Hill NSW 2023
With 53 new sale listings, Bellevue Hill shows strong market activity. Properties here have an average of 30.21 days on the market and a slight vendor discount of 0.31%, indicating stable prices. There were 20 recently advised sales and 33 withdrawn listings, underscoring the area’s attractiveness. The suburb has 136 rental listings, highlighting its appeal to both long-term residents and investors.
Darling Point, NSW 2027
Darling Point saw 15 new sale listings, with an average of 36.05 days on the market. The vendor discount remains at 0.00%, reflecting strong market stability and seller confidence. The suburb reported 6 recently advised sales and 32 withdrawn listings, with 81 rental listings available, making it a solid option for those seeking luxury living close to the city.
Elizabeth Bay, NSW 2011
Elizabeth Bay continues to attract buyers with 42 new sale listings. Properties here move quickly, spending only 16.8 days on the market, with a vendor discount of 1.13%. The suburb had 27 recently advised sales and 41 withdrawn listings, reflecting high demand. With 170 rental listings, Elizabeth Bay offers abundant opportunities for both buying and renting.
Woollahra, NSW 2025
Woollahra saw 37 new sale listings over the past 60 days. The average days on market is 36.16, with a vendor discount of 2.36%, indicating that sellers are slightly more flexible on price. The suburb had 16 recently advised sales and 40 withdrawn listings, with 125 rental listings available, making it a desirable location for both home buyers and investors.
For further exploration of these opportunities or personalised assistance, please do not hesitate to contact us. Your property aspirations are our priority.
