News Archive
CEO Message
20 October 2008
There are many upsides to a decline in business confidence The most important piece of advice to anyone is to stay positive. This is sometimes easier said than done and holding onto ones job is probably the key to staying positive. When business gets tougher companies tend to cut costs and jobs are sometimes at risk. Yet for many people it is a time to capitalise on all the hard work they ... read news item »New Homes & Apartments Special Offer
03 September 2008
Prince Henry Little Bay. New Homes and Apartments for sale. Special offer to home owners and investors. 5.99% fixed interest rate for 2 years. Available until 30th September 2008. Information centre and properties now avaialable for viewing on the site. Open Thursday to Sunday 11am - 4pm, or call Dennis Vertzayias 0419 310 311 for more details. read news item »CEO Message
01 August 2008
July is undoubtedly the toughest month in the real estate calendar and sales across Sydney reflected that. Yet N G Farah are pleased to announce that the group sold over $20 Million worth of real estate. The majority of properties that were sold were houses, apartments and semi cottages in the Maroubra, Mascot, Kingsford, Kensington, Eastlakes, Little Bay, Randwick, Coogee and Hillsdale ... read news item »Message from the CEO
18 July 2008
We are already listing quality properties for our August auctions, which is the start of the strongest selling season in the real estate calendar. August promises to be a strong month as many vendors have consciously held their property back in June/July. Even though interest rates have continued to move upwards during the course of 2008 property prices have remained buoyant as a result of ... read news item »Message from the CEO
04 July 2008
June and July are undoubtedly the quietest months in the real estate calendar. In general terms there are less properties on the market and less people looking. Yet even though there is a shortage of properties it seems to be an opportunity for home sellers to capitalise on this great shortage. There are many genuine buyers who have been looking for properties since Christmas and who are now ... read news item »CEO Message
12 June 2008
N G Farah May auction clearance rates remained way over the industry average with 30 out of 42 properties sold on or before the auction date, which was a 71% clearance rate. Pretty impressive at a time when interest rates have been escalating and Sydney auction clearance rates are down to as low as 50%. Of the sales an original home in Kingsford near Gardeners Road sold for $1,000,000, $100,000 ... read news item »Message from the CEO
30 May 2008
Last Wednesday 28th June 2008 N G Farah submitted 11 properties to publicauction at the Crowne Plaza Coogee. Despite talk of increasing interestrates and rising fuel prices the family owned company had a highlysuccessful night selling 7 of 11 properties under the hammer and another twowill be sold by the end of this week. Of the sales an original home in Kingsford near Gardeners Road sold ... read news item »CEO message
24 April 2008
Anzac Day is the last official public holiday in April and residential sales should be back into full swing for May being one of the strongest selling months of the year. April residential sales were exceptionally strong considering school holidays and Easter falling earlier this year. Properties in Sackville Street Maroubra, Holden Street Maroubra, Holmes Street, Maroubra, Moore Street ... read news item »Message from the CEO
04 April 2008
It is quite hard to believe that we are already in April and the year has flown past us. Despite Interest rates going up twice the property market is still quite strong in most areas of the Eastern Suburbs. There is no doubt that property is seasonal and the trends tend to indicate that February, March, May, August, September, October & November are the strongest selling months of any given ... read news item »CEO Message
07 March 2008
Auction properties are not the only properties people are bidding for at the moment. It appears that the rental market is getting that desperate that there is a bidding war amongst perspective tenants and in come cases rentals are being pushed up by $50-$100 per week. With Sydney being such a well known world class city there is no sign that the pressures of the rental market are going to ... read news item »