Double Bay / Bondi Beach Blog

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April Market Wrap


Auction Clearance Rates still high!

In Sydney, 804 properties were taken to auction this week with a preliminary clearance rate of 78.4 per cent, increasing from last week when the final clearance rate for the city was 72.4 per cent, across 596 auctions. One year ago, 818 Sydney homes were taken to auction and the clearance rate was 71.7 per cent. This week, the performance across Sydney’s individual sub regions was mixed. Across the Eastern Suburbs region, where 40 results have been reported so far, the preliminary clearance rate was 75.0 per cent.

Raine & Horne Double Bay/ Bondi Beach have recently become a finalist in the South Eastern Sydney Regional Business Awards in the Excellence in Business category.
The annual South Eastern Sydney Business Awards celebrate and recognise business excellence in the South Eastern Sydney region.

Taking in Bondi and the Eastern Suburbs, the South Eastern Sydney Business Awards celebrate business excellence across a number of diverse regions of Sydney.


April Rental Overview

April was a very successful & busy month for the property management team at Raine & Horne, we were humbled to assist 39 clients with the leasing and management of their property averaging just over one property per day. Our hard work and dedication to get the best possible result for each owner is widely recognised by our clients, 19 of the 39 properties were new managements referred to us by existing clients. Once again we have achieved an amazing result, maintaining an average vacancy rate of only 0.7% for the month of April, not only did we lease 6 properties in the first open for inspections, we leased 7 properties for a higher price than the owners were expecting.


April Success Story - 904/588 Oxford Street, Bondi Junction
Leased in the first inspection - $940.00 per week

1 Bedroom, 1 Bathroom, 1 Parking

Set within the brand new "VUE" building', this sensational executive apartment is located on level 9 in the most impressive development to grace Bondi Junction with an exclusive stunning view towards Sydney Harbour.

Kind regards,

 

Raine & Horne Double Bay / Bondi Beach

 

 

 

 

 

 

 

 

 

 

 

 

 Proud Sponsor of North Bondi Beach SLSC

 


 

 

 

 

 

 

 

 

 

 

 

If you are considering selling your home, would like an updated market appraisal or to speak to somebody regarding the rental and property management of your investment property, contact one of our team members here or call our office on 02 9327 7971.

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