Hi everyone,
School’s
back, the air is crisp, and the Epping market is moving.
With the cooler weather creeping in, we’re seeing a renewed focus from buyers looking to settle before winter. Despite the change in season, local demand remains resilient. Our recent sales show that quality homes are still achieving fantastic results. If you’ve been wondering how your property sits in the current market, now is a great time for a chat.
Anzac Day:
Lest We Forget
Out of respect for Anzac Day, we
will not be working this Saturday. We invite you to join us for the Dawn Service at the Epping Cenotaph (Forest
Park) at 6:00 am.
Note: In the event of wet weather, the service will move to the foyer of The Epping Club.
Updated
Inspection Times
To ensure our properties get the
attention they deserve while we pause on Saturday, we will be holding Open
Homes this Friday instead. We will return to our usual Wednesday
and Saturday schedule next week.
Exceptional local results this week
Our team has been busy across Epping and surrounds, securing strong results even as we transition into the cooler months. The high clearance rates and "sold prior" results highlight that buyer appetite remains incredibly high for well-presented homes.
Freestanding homes and premium results
: Sold at auction for $2,420,000. A fantastic result that reflects the enduring demand for family homes in our local pockets.
: Sold prior to auction for $1,985,000. This early sale demonstrates the urgency of current buyers to secure property before the winter lull.
: Sold prior to auction, this potential duplex site, sold for a great price (purchaser requested confidential). Another successful campaign in a highly sought-after street.
: Sold at auction for $1,080,000. This premium price point for an Eastwood apartment shows that the market for high-quality, convenient living is stronger than ever.
: Sold for $715,000. A great entry point into the Epping market for a savvy buyer or investor.
· 52/38 Solent Circuit, Norwest
: Sold for $1,100,000. Stylish apartment in a premium Norwest location within the sought-after Watermark complex.
Why the Market is Holding Firm
You may have noticed the headlines, but on the ground in Epping, the data tells a story of resilience. Median house prices in Epping have grown approximately 3.5% over the last 12 months, supported by extremely tight inventory currently, there is less than one month’s worth of stock available for sale. This "supply-side tightness" means your property is entering a market where it isn't just one of many; it is a rare opportunity for hungry buyers.
Thinking of
being our next success story?
With stock levels low and buyer interest at a seasonal high, now is an
opportune time to list. Email me at Bettyockerlander@mcgrath.com.au or reply to this email to see how your home
compares to these recent sales or call one of my team if you prefer – or wish
to speak Cantonese, Mandarin or Korean.
Market
insight: Auction
or private treaty: What’s the better option for you?
Auction or
private treaty: how do you choose the right path to sell? John
McGrath shares what to consider before deciding your sales method. Learn
more in this week’s The Real Estate Conversation.
See you all
tomorrow and stay safe this weekend. Our office will reopen on Tuesday, but we
are all available on our mobiles if you need us!
Best wishes
Betty and team
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