Busy market sees price growth

The noticeable spike in the graphs is Highgate Hill’s median house price, rising to an all-time high. This is partly due to improving conditions (we’ve already had more house sales than the full year if 2019), but also more activity in the higher end of the market. There’s been 21 sales over $1m so far in 2020, along with less than the usual number sales of unrenovated workers cottages.

Apartments have seen broad interest this year, with activity spread in the $400-$600k range and $600k to $800k range with 13 sales of each. Currently there are just 46 Highgate Hill apartments listed for sale and we’re recording solid buyer enquiry. Unless more listings come to market it seems likely we’ll see further price increases as buyer compete for available property.