News

Ray White Chatswood – August Market Wrap-up

By Robert McElhone
What’s happening in the Chatswood property market? Ray White Chatswood Managing Director, Robert McElhone, fills us in.

The Chatswood property market continued to experience very low stock levels during August.

Due to the lack of properties on the market, buyer activity has been extremely high. As an example of this – when we listed a studio unit in Chatswood for $365,000, we received 3 offers within the first 3 days of the property being on the market. The unit ended up selling for $7,000 above the asking price! A great result for our happy client.

Chatswood retail shopping appears to be a little quiet and commercial activity is also low key.

The development site known as Thomas Street Carpark has just had the fence go up, with construction about to commence, which is encouraging.

The end of August has seen strong enquiry from people looking to sell their homes, so we anticipate there will be a much greater number of properties on the market between September and November.

Our stock levels for rentals are also quite low. It was recently reported that the general vacancy factor across the broader Sydney market is 2%. Ray White Chatswood’s rental vacancies are currently running at half that.

If you’d like to know more about Chatswood Real Estate, please feel free to contact me via email: robert.mcelhone@raywhite.com or phone: 0418 223 375.

Up to Date

Latest News

  • Ray White Group wins inaugural award

    Ray White Group wins EY inaugural Family Business Award 2015 Last night, Brian White AO, joint-Chairman of the Ray White Group accepted, on behalf of the White family, the inaugural Family Business Award at the 2015 EY Entrepreneur Of The Year Awards at The Star in Sydney. The EY Entrepreneur … Read more

    Read Full Post