Highgate Hill Real Estate Agent’s Summer Market Update
Busy market sees price growth
With the majority of Highgate Hill houses now selling over $1m the high new record median price of $1.22m should have been expected. This is an area in strong demand and even unrenovated houses are now experiencing healthy interest when they hit the market.
Sales volumes have been steady however, with few locals selling either houses or apartments. This is putting pressure on prices for both – the rises aren’t yet evident in apartments but our team’s recently had strong sales and demand is strong.
With low rates and rising rents it’s not surprising we’ve had more investors coming into the market recently, joining a growing number of first home buyers. We’ve had multiple offers on the majority of our recent sales.