Savills : residential real estate sees record growth

Savills five offices on Sydney's upper North Shore have achieved a record result in the first 6 weeks of 2018, selling $38 million of property since 1 January 2018. January was a record month for the company, selling more properties than ever before and February has commenced with extremely positive results.

Director of Savills Residential, Charles Caravousanos commented on the strong start to 2018 and the increased demand from local buyers.

'Local buyers have kicked into gear early this year, wanting to get in quick if they felt they'd missed out on a property in 2017 or making that mental leap to commit to downsizing or upsizing this year.

'We've had strong interest from qualified buyers at all of our open homes this year, with 45 groups through a unit in Roseville and 60 enquiries in the first week of it being on the market. Plus, a property that we carried over from last year had 52 groups through in the first showing of 2018. There aren't the super inflated numbers that we saw mid-way through 2017, however the numbers are strong.

'Our record start to 2018 and high auction bookings for February and March reflect a number of targeted marketing strategies we have introduced for our vendors. With 32 auctions scheduled for February and March so far, and 12 set for Saturday 24 February alone, we are looking forward to month on month growth this year.

'Those considering selling their property in 2018 may have been scared by news that the market would fall, but with the Reserve Bank keeping interest rates on hold last week, and our strong start to the year, it's certainly clear that there are buyers and now is a good time to sell,' said Mr Caravousanos.

Savills has five strategically placed offices on Sydney's Upper North Shore specialising in residential sales and property management. The team has been delivering superior results for clients for over 30 years.