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Boom predicted for exclusive NSW northern district suburbs

17 March 2010

Boom predicted for exclusive NSW northern district suburbs

Leading northern districts real estate agent David Meldrum predicts a booming 2010 after a strong start to the year’s sales.

The Raine & Horne Beecroft proprietor said that if the economy continued to improve, house prices would increase in value.

“We are experiencing strong buyer enquiry and strong sales activity in Beecroft and Cheltenham,” Mr Meldrum said.

“Anything between $750,000 and $900,000 is highly sought after, as are properties above $2 million.”

A tightly-held market in these exclusive suburbs, as well as proximity to respected schools and nearby infrastructure, was driving such strong activity, he said.

“Beecroft and Cheltenham are the jewels in the crown of the northern districts. There are only 4000 properties in this postcode and a distinct lack of listings,” Mr Meldrum said.

“The M2 and the new Epping to Chatswood railway line have made a difference, giving residents better access to good schools like Cheltenham Girls High School, Kings, Barker, Knox, Trinity and Newington.

A rising market is not the only cause for celebration at the Raine & Horne Beecroft office. The office earned two awards at the 2009 Raine & Horne NSW/ACT Chairman’s Awards, held at the Four Seasons Hotel, Sydney recently.

Mr Meldrum was elevated to the Chairman’s Club and Natalie Chaney was an award recipient for Outstanding Receptionist.

Raine & Horne CEO Angus Raine commended Raine & Horne Beecroft for its outstanding contribution and dedication to the property sector within the suburbs on Beecroft and Cheltenham.

“The team at Raine & Horne Beecroft has capitalised on the area’s popularity and exclusivity. Additionally, their awards underline Raine & Horne Beecroft’s consistent ability to remain true to its core business, which is achieving property sales and providing the very best property services to vendors and buyers.”

Raine & Horne Beecroft is celebrating 30 years as the specialist real estate agency of Beecroft and Cheltenham. The office's property management has been established for 25 years, with exceptional service from two highly experienced long term property managers with over 30 years experience between them.

David Meldrum thanked vendors and purchasers for making the success possible.

Raine & Horne is an iconic Australian property firm, with more than 370 offices worldwide. It is a recognised, official Superbrand along with the likes of Qantas, Vegemite, Woolworths and Myer. The company has four distinct property service brands including Raine & Horne Residential, Raine & Horne Commercial, Raine & Horne Financial Services and Raine & Horne Rural.

For all your property needs, contact Raine & Horne Beecroft on (02) 9481 8666.

For media information, contact David Meldrum on 0411 667 900.