The cold snaps up good selling prospects for vendors
If you don’t have it you can’t sell it. In our current market, agents investing time into carrying the right stock and being diligent with their vendor and buyer meetings are prospering. We often see great agents shine in changing markets and clearly our market has changed considerably over the past few months. With winter now upon us the market will continue to change as reduced stock levels, characteristic of the cold season, provide some very good selling opportunities for vendors.
It is easy to get caught up in “the market” and let negativity creep into our headspace. We don’t control the market but we do control our attitude and our hunger to succeed. I believe we are one of the most fortunate industries on the planet because all we need to do is prospect, list, negotiate and sell - and have fun while we do it. Concentrate on what you do well and be the best you can be. Educate your clients on current market conditions by helping vendors understand the importance of true market value and helping buyers appreciate the opportunistic time to be buying and to move quickly. One guarantee in this industry is the property cycle. History shows that when we come out the other side our market will flourish at a rate that buyers will struggle to keep up with.
A great mentor of mine once said, “It’s not what you earn, it’s what you do with it that counts”. What investment properties have you bought recently?
Market Highlights
Residential sector
Positioned on the prized northern Pyrmont peninsula in Jacksons Landing, this stunning 3 bedroom apartment at 1501/8 Distillery Drive, Pyrmont sold above reserve at auction with 6 registered bidders for $1,806,000 through James Crow, Morton & Morton.
Auctioneer: Damien Cooley
A magnificent backdrop over Lake Conjola with direct access to the water, this architect designed 5 bedroom family home at 17 Windemere Drive, Conjola Park sold at auction for $915,000 through Andrea Larsen, Ray White Surfside Properties.
Auctioneer: Paul Millett
More than 15 registered bidders flocked to the auction of 72 Verdun Street, Bexley where the 2 bedroom home held in the same family for over 40 years sold for $125,000 over reserve at $975,000 through Manuel Panourakis, LJ Hooker Sans Souci.
Auctioneer: Andrew Cooley
An Immaculately presented 4 bedroom home on a generous 1,024sqm block with scope to further capitalize at 52 Barker Road, Strathfield sold at auction for $1,535,000 through Reece Theedam, Haus Real Estate.
Auctioneer: Christopher Mourd
Commercial sector
A 1,524sqm site at 27 Myrtle Street and 104 Bay Street, Pagewood with residential development potential sold at auction for $4,000,000 through Sam Brewer & Keegan Ridings, Jones Lang LaSalle.
Auctioneer: Damien Cooley
A modern high clearance freestanding facility providing fantastic cubic efficiencies with superb finishing’s throughout at 10 Cavasinni Place, Wetherill Park sold at auction for $1,725,000 through Marcel Elias, Colliers International.
Auctioneer: Damien Cooley
A tenanted butcher shop investment in the main street of Strathfield with off street parking for 2 cars and approx 75sqm of space sold at auction for $2,350,000 through Gerard McGee, Marvay.
Auctioneer: Ricky Briggs
A classical sandstone retail/commercial building located right in the heart of Church Street Mall at 215-217 Church Street, Parramatta sold at auction for $1,000,000 over reserve at $5,000,000 through Brooke Starkey & Matthew Meynell, Colliers International.
Auctioneer: Damien Cooley
Damien Cooley
Director - Cooley Auctions
