October Market Update with Matt Morley and Stephen Murace

Welcome to our October market update. 

With Covid restrictions easing this week, the team at Doyle Spillane are excited to be returning to live auctions and open home inspections.

The health of our clients, staff and our community remains our top priority and we’ll be working under our Covid-19 safety plan, including observing the 1 person x per 4 square metre rule and mask wearing inside our properties.

The 106-day Greater Sydney lockdown certainty did not dampen the enthusiasm of our buyers, with clearance rates still sitting in excess of 85% each weekend.

This bullish-buying is leading to consistently strong sales results across Doyle Spillane’s listings, with both 2/22 Queenscliff Road, Queenscliff and 71 Pitt Road, Curl Curl, selling after just one week on the market.

The RBA’s record low interest rates, coupled with a shortage of stock, is continuing to drive the high demand for properties.

The Northern Beaches is now one of the most sought-after local government areas in Sydney, as buyers flock to complete the ‘lifestyle package’, beautiful beaches, cafés and restaurants, and the B-Line transport.

We’re now seeing suburbs including Curl Curl, North Curl Curl, Manly, Freshwater and Narrabeen achieve a median house price in excess $3 million, whilst action-packed Dee Why is highly sought after for first home buyers and investors alike.

With people now returning to work and school, it’s set to be a busy lead-up to the end of 2021.

We’re looking forward to seeing you again soon at Doyle Spillane’s open homes.

If you, your family or friends need advice on any real estate related matters, please do not hesitate to contact us as it would be a pleasure to be of service.