Sydney Sees Surge In New Listings
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Sydney Sees Surge In New Listings

Vendors push to sell homes before the higher mortgage buffer.

By Terry Christodoulou
Wed, Nov 3, 2021Grey Clock < 1 min

New home listings in Sydney have soared by 41% while Melbourne saw an 82% increase over the last month.

The rush comes as vendors scurry back into the market after lockdowns ended hoping to sell their property before the higher mortgage buffers come into effect, according to the latest SQM Research data.

The total listings jumped by 25.5% in Sydney during October to 29,183 – the largest monthly percentage increase on record. Melbourne lifted 25.1% to 41,265.

While October is traditionally strong for listings, SQM Research managing director Louis Christopher said this year vendors are looking to get ahead of any further slowdown in the market.

“This could be an indicator that sellers are looking to get out of the market before further macro-prudential tightening kicks in, and before we get an interest rate rise,” he said.

“I think buyer demand is still relatively strong, but perhaps it’s starting to come off a little, so if we were to see November recording a similar level of listings then I would be a little bit concerned.”

There is already an indication that listings are building momentum with SQM Research recording 1266 homes listed for auction in Sydney for the coming week and 1600 homes in Melbourne.

That figure builds off the 1144 homes taken to auction in Sydney and 1739 in Melbourne last week, according to CoreLogic.

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The waterfront residence is one of Port Stephens’ finest homes.

By Kanebridge News
Fri, Aug 12, 2022 2 min

In the coastal township of Salamander Bay — nearby to Port Stephens — comes a unique home crafted to take full advantage of unbroken ocean vistas across three levels.

With one-of-a-kind flair, the stunning 5-bedroom, 3-bathroom, 3-car garage home of 52 Randall Drive Salamander Bay is nestled on a private 577sqm plot, optimised through intelligent design to take advantage of the Port Stephens landscape and lifestyle.

Within the home sees the typically coastal textures of natural oak floor and timber feature walls take hold while stone and tiled adornments add layers of luxury.

The open plan living, kitchen and dining areas incorporate a fireplace and near floor-to-ceiling glass that opens to create a seamless indoor-to-outdoor dining and entertaining space on the home’s top floor.

The heart of this area is the kitchen, centred around a marble-topped island, state-of-the-art European appliances and an attached bar area, with built-in refrigeration, accompanied by a butler’s pantry.

Also here comes a grand outdoor spa, central to the balcony, while another outdoor entertaining area with a pizza oven is found on the middle floor.

Downstairs once again comes a second living space replete with the perfect wine cellar — cooled by the natural rock foundation of the home — offering an array of entertaining options

Of the home’s accommodation comes a private and luxurious master retreat with expansive ocean views, a walk-in wardrobe and an ensuite, here, speckled with grey terrazzo tiling and timber joinery vanities.  A further four bedrooms are found throughout the home along with two family bathrooms rounding out the offering.

Less than a five-minute walk from nearby amenities of shops, restaurants, cafes and beaches the home offers the best of the Port Stephens area.

The listing is with PRD Port Stephens’ Dane Queenan (+61 412 351 819) and Erin Sharp (+61 499 912 311) and is heading to auction; prd.com.au