Paddington Woollahra Sydney
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What are the current trends in the Sydney 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 Podcast, available on iHeartRadio every morning, also on Spotify and Apple and wherever you get your podcasts from. Wednesday morning, middle of the working week is back with us. The 14th day for September of 2022. Actually a very popular day Wednesday for having a look at real estate. If you're out there looking at property today, good luck with that. Now, we mentioned this a couple of months ago, but I think it's worth recapping because of the area of Sydney that we're going to be talking about in just a moment. And that is that there are 10 suburbs in Greater Sydney and Greater Melbourne where sellers have made...
the biggest median profits in Australia. And this information from PropTrack we mentioned a couple of months ago is based on the difference between the original purchase price and the most recent sale price for homes sold between March and July of this year.
How have property prices changed in Woollahra and Paddington?
Suburbs where sellers made the biggest profits in this period were Seaforth and Double Bay, both, of course, in New South Wales and Sorrento in Victoria. And properties that sold in these locations during this time period achieved a median profit of between $1.5 million and $1.4 million. Not too bad, is it, if you happen to be in those particular areas? And despite the current market and the correcting market, equity in homes is still going pretty strong, which will continue to drive the real estate market for some time to come. And property prices are still up from the start of the pandemic. So it would really take a massive landslide to get us back to anywhere we were close to 2.5 years ago. Now, I mentioned the top 10.
10 suburbs in Sydney. One of those suburbs is Wallara and we're going to go there next and talk to Randall.
What factors are influencing buyer behavior in the current market?
It's your weekday real estate breakfast with news, interviews and predictions every morning on The Real Estate Podcast. Hey, if you're celebrating your birthday today for the 14th of September, have yourself a fantastic Wednesday. Unfortunately, Amy Winehouse is no longer with us. She And also on the birthday calls this morning, Sam Neill, the actor. He's getting up a bit. Sam is turning 74 today. And from the history books, it was on this day back in 2000 that Microsoft launches Window ME. If you're trying to figure out what ME is, it stood for Millennium Edition. and it was the last of the operating systems of the Windows 9X series.
How is the luxury property market performing in Woollahra?
I hope that makes more sense to you because I am not a Microsoft person at all. Apple all the way for me. It's your real estate podcast for breakfast. It's the main centre forecast with PRD, selling smarter every day. And let's do the weather around Australia on this Wednesday morning. First, we go to Sydney. Good morning to you. Expecting a partly cloudy day. Should be mainly dry with 18 degrees. In Melbourne, it's a game of two halves.
What impact does buyer equity have on real estate transactions?
A sunny morning and then expect late showers. The temperature is reasonably warm with 19 degrees. In Brisbane, expecting partly cloudy skies, but it should be mainly dry with 23. And in Perth today, expecting the showers and 18 as your forecast high. We talk with leading property commentators with analysis, predictions, forecasts and what's trending every morning from 6.30. Well, let's right now go to Willara and Paddington. We are catching up with Randall Kemp there. He is the director of Ray White Willara Paddington and a very good morning to you. Randall, welcome to the Real Estate Breakfast. Good morning, Craig.
How does the spring property market compare to previous years?
Thank you very much for having me. You're in a really popular, a very desirable area. Tell us a little bit about what's been happening there, perhaps over the last three months. Yeah, sure, Craig. So obviously we are in a very affluent area, you know, only moments to the city and also the beaches, which we cover both markets here at Ray White Wallara Paddington. But we've seen a bit of a change in the market over the last couple of months. The last couple of years, we've seen prices increase over 20%.
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Chapters
8 chapters
1
What are the current trends in the Sydney real estate market?
0:02–1:12
2
How have property prices changed in Woollahra and Paddington?
1:12–2:21
3
What factors are influencing buyer behavior in the current market?
2:21–3:18
4
How is the luxury property market performing in Woollahra?
3:18–3:49
5
What impact does buyer equity have on real estate transactions?
3:49–4:31
6
How does the spring property market compare to previous years?
4:31–5:20
7
What role does migration play in the Paddington real estate market?
5:20–6:16
8
What predictions can be made for the Sydney real estate market by Christmas?
6:16–13:34
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