N G Farah Finishes Strong In Tough Year

2011 has proven to be challenging in Sydney’s South Eastern property market. Buyers become cautious in what normally is a very buoyant market place.

There is no disputing the facts that the top tier of the property market and the harbour side properties are making it ripe for bargain hunters searching for properties over $1,500,000.

The reality is that there are only a handful of suburbs in the South East Sydney market where properties are still growing in value.  They are specifically properties under $1,000,000 in Sydney’s Inner suburbs and East. These suburbs include: Alexandria, Botany, Chifley, East Botany, Eastlakes, Mascot, Matraville, Hillsdale, Malabar, Pagewood, Maroubra Junction and apartments in the Kingsford and Kensington areas.

Overall N G Farah finished the year with $400,000,000 in residential sales and an average auction clearance rate of 78%. At a time when clearance rates are hovering at around 50% throughout Sydney’s metro area.  The success of our in room auctions at the Crowne Plaza, Coogee Beach in 2011 was a clear point of difference for N G Farah amongst our competitors.