Market Report South East Still Buoyant - Randwick Site Listed for Auction

Traditionally June / July are definitely not the preferred selling seasons for any prospective person who is thinking of selling a residential / commercial property or project site. The most professional people consider the warmer selling months to be the peak selling seasons yet at N G Farah we are pleased to report a 75% clearance rate to date for over 200 residential properties that have gone to Auction in 2011.

 This is considerably higher than the industry average yet more importantly there are suburbs in the South East that are still growing in value. These suburbs are Rosebery, Zetland, Mascot, Eastlakes, Botany, Pagewood, Hillsdale, Matraville, Malabar, Maroubra and Chifley. N G Farah specialise in all the above mentioned  suburbs and more importantly cover every coastal and park side suburb in the South East.

 We have got a great choice of property coming to the market over the next 4 weeks, one such property is 201- 207 Barker Street Randwick, a landmark property on a 3 street frontage known as the old Nissan site. The site is approved for 116 Apartments and we believe the site will achieve in excess of $20 million when it goes to auction in early July. We also have a host of quality houses, semi´s and apartments coming up for Auction on Tuesday 28^th June @ 6.30pm at Crowne Plaza Coogee. I would like to take this opportunity and extend an invitation to any of our prospective clients to witness the market first hand. Alternatively, if you would like an appraisal on your property call your local N G Farah Office.