We are certainly entering interesting times with the market balanced and buyers gaining ground at the negotiating table. Median house prices in Gordon are currently sitting at $2,550,000 with capital growth at 22.9% and rental yields compressed at 2.3%. Auction clearance rates Sydney wide are at approximately 66% and most deals in our suburb this quarter have been sold using this method.
Some properties are selling for great prices within 25 days and some properties are taking a little longer. We have found that successful sales can mostly be attributed to the type of property, price and timing. Two of Gordon’s bigger sales this quarter are cases in point with timing being in line with the Chinese New Year.
As a premium Sydney suburb we are still experiencing demand from qualified buyers looking to take advantage of our transport hub, retail precinct, topography and excellent schools.
If you would like a Gordon suburb flyover / price check on your property or consultancy for placing your home on the market, please do not hesitate to contact me! It’s free and without obligation.