Bondi Sydney Update
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What updates are happening in Bondi Beach's real estate market?
It's the Real Estate Podcast, brought to you by ANZ Home Loans for financial well-beings. And welcome to another episode of the Real Estate Breakfast, available on iHeartRadio every morning and on Spotify and Apple and wherever you get your podcasts from. Monday morning came around pretty quick. I hope you had a fantastic weekend. If you were transacting over the weekend, I hope that that went well. Today is the 24th day of October for 2022. And coming up, we're going to be talking beaches.
How has the COVID-19 pandemic affected property demand in Bondi?
eastern beaches of sydney to be precise and the world-renowned bondi beach people just want to live and feel the sand between their toes so selling agent monica shore is here from bondi beach to give us the latest update for that part of the world and at the end of the year how many people think about holidaying on the eastern beaches of sydney even better if you have friends with property there and often isn't that the way you are introduced to a new area a friend buys somewhere coastal then you go and visit that friend and the next thing you find yourself doing is buying a property there and totally uprooting yourself into a brand new area and i'm sure that 2023 with the new year coming up we'll see many people doing exactly that
You know we talked last week about a property getting over $600,000 above the reserve price. Well over the weekend a vendor got nearly $800,000 above the minimum price the vendor was willing to accept. It seems it was all happening in Queen's Park in Sydney was the location of the auction where $5.1 million was paid for a four-bedroom cottage. About 50 people turned out, another positive sign that vendors in Sydney will be very pleased to see. Now, if you're celebrating your birthday, you'll be pleased to see the birthday cake. It's the 24th, as I mentioned, for October.
What recent auction results indicate about the Sydney property market?
Happy birthday. You're sharing it with Wayne Rooney, the English footballer, turning 37. Kevin Kline is 74. And Drake is having a birthday today. He's turning 35. Informing you every morning from 6.30, seven days a week on The Real Estate Breakfast. And let's check on your weather on this Monday morning. In Sydney, expecting some rain this morning. 22 is your forecast high.
How are investors responding to the current rental market in Bondi?
In Melbourne, also showers and the rainy stuff. 23 is your forecast top. In Brisbane, expecting a hot day, 31 degrees and a possible shower. And in Perth today, showers to ease and your high of 22 degrees. It's your weekday real estate breakfast with news, interviews and predictions every morning on The Real Estate Podcast. Well, the eastern suburbs is very desirable and exclusive. Many people, of course, aspire to live there, invest there and play there. But unfortunately, not all can. And the widening of the not being able to live there has probably become even larger since the pandemic started. So let's bring in Monica Shaw from Ray White Unlimited here. in Bondi Beach and a very good morning to you Monica welcome back to the real estate breakfast thank you so much Craig for having me back again on your podcast so thank you
We're getting you back because you know what's going on there on the eastern side, particularly there in Bondi. Sydney is experiencing highs and lows in different pockets and suburbs. Premium properties are still attracting and commanding, in some instances, fantastic results for the vendors. So since we last spoke, Monica, Bondi is doing what exactly at the moment? Well, we've seen a buzz come back into Bondi since borders have opened. There's definitely more of a buzz. There's definitely more of an energy in the area, which has been fantastic.
What challenges are buyers facing with rising interest rates?
People are still transacting and people are still wanting to be in these areas because there's only a certain number of homes near the beach. And so we are still seeing that desired number of buyers coming in. And the investors, to the point, they are coming back too, aren't they? Absolutely. We've definitely seen an influx of investors come back into the mix. We saw a very quick departure of investors in the last year during COVID periods, because obviously, you know, rentals were low.
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Chapters
8 chapters
1
What updates are happening in Bondi Beach's real estate market?
0:02–0:35
2
How has the COVID-19 pandemic affected property demand in Bondi?
0:35–2:17
3
What recent auction results indicate about the Sydney property market?
2:17–3:00
4
How are investors responding to the current rental market in Bondi?
3:00–4:34
5
What challenges are buyers facing with rising interest rates?
4:34–5:01
6
How is the upcoming Christmas season impacting real estate transactions?
5:01–5:36
7
What strategies can sellers use to avoid competition during the holiday season?
5:36–6:14
8
How do market trends suggest a recovery after the holiday season?
6:14–11:07
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