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Weekend Wrap: Nice Weather & Rates Up

Finally, a sunny Saturday and more buyers out and about at open homes in our area. Despite interest rates going up another 0.5% (as predicted) a bunch of sales also went through in the area showing that there still are buyers around. 24 Denmark St...

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by Ian Pepper
Weekend Wrap: Nice Weather & Rates Up
43 Halls Road, Helensburgh sold for $1,300,000. Photo: Ray White Helensburgh

Finally, a sunny Saturday and more buyers out and about at open homes in our area. Despite interest rates going up another 0.5% (as predicted) a bunch of sales also went through in the area, showing that there still are buyers around.

24 Denmark St, Wombarra $1,400,000 (environmental land) sold by Barbara Wright at Seacliff Property

424 Lawrence Hargrave Drive, Thirroul $1,150,000 sold by Ron Kissell at Ray White Helensburgh (initial price guide $1,450,000)

24 The Crescent, Helensburgh $1,330,000 sold by Ron Kissell at Ray White Helensburgh

43 Halls Road, Helensburgh $1,300,000 sold by Elle Ritson at Ray White Helensburgh

A few of these properties took longer than usual to sell and the eventual selling price was lower than initial guides. There are early signs of a market in decline and with the number of properties currently still for sale in the area there will be more pressure on prices yet to come.

Ian Pepper  profile image
by Ian Pepper

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