Sydney’s New Home Listings Drop
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Sydney’s New Home Listings Drop

The NSW capital’s market has seen a rapid decline due to COVID.

By Terry Christodoulou
Wed, Aug 4, 2021 1:41pmGrey Clock < 1 min

The number of new home listings has dropped by nearly 20% in July. The sharp dip comes as vendors put plans to sell on hold amid surging COVID case numbers.

The data, from SQM Research, shows home listings under 30 days have plummeted the most in areas where harder restrictions were imposed. However, sellers in other parts of the city have also retreated from the market.

Parramatta saw the total listings fall 33.4%, Liverpool 30.7%, Canterbury Bankstown 29% and 21.8% in western Sydney.

By comparison, areas such as the upper north shore saw listings down 26%, eastern suburbs 23% and inner west 22.6%.

Other state capitals across Australia saw mixed results with Brisbane – which went into lockdown last Saturday – growing 2.6% over the month.

Elsewhere, Darwin posted a 41.4% drop in new listings while Adelaide fell 7.2% and Perth 4.2%.

More positively, Melbourne saw new listings up 9.3% alongside Canberra’s 11.4% rise and a 27.6% uptick in Hobart.

Year to date, total listings have declined 23.6% nationwide – Hobart the most affected with 36.7%.



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On the Market for the First Time, This Hamptons Beach House Is Listed for Nearly $26 Million

The home in the village of Sagaponack has plenty of balconies to take in the surrounding water views

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A waterfront home in the Hamptons village of Sagaponack, New York, is on the market for the very first time.

Asking $25.95 million, the gray shingle-style home was built in 2008 by the seller and has since been available as a summer rental, but it’s never been up for sale.

Designed by architect Faruk Yorgancioglu, the “waterfront home offers privacy and panoramic beauty that cannot be duplicated under today’s zoning laws,” said co-listing agent Marilyn Clark of Sotheby’s International Realty – Bridgehampton Brokerage.

Jaime Lopez for Sotheby’s International Realty

The seller bought the property, which at the time had two small structures, at auction in 2005 for approximately $2 million, according to co-listing agent Deborah Pirro of Daniel Gale Sotheby’s International Realty. Mansion Global could not contact the seller.

The home hit the market Thursday, and in addition to Clark and Pirro, it is co-listed by Raquel Lopez of Sotheby’s International Realty – Bridgehampton Brokerage and Diane Anderson of Daniel Gale Sotheby’s International Realty.

Spanning 6,000 square feet, the home is filled with bright interiors, which were designed by New York-based interior designer Steven Gambrel. The open gourmet kitchen flows into a casual dining area and a living space with a fireplace, which is one of two double-sided fireplaces in the home, Pirro said.

A sunroom overlooks the water.
Jaime Lopez for Sotheby’s International Realty

“The placement and scale of fireplaces throughout the home is perfection,” she added.

A separate dining room has French doors that open onto a deck, listing photos show.

There are six en-suite bedrooms, including two primary bedrooms. The larger of the two is its own private retreat, outfitted with a fireplace, a sunroom and a large balcony, offering a space to watch the sun set over Sagaponack Pond, according to Sotheby’s.

Jaime Lopez for Sotheby’s International Realty

The home sits on a little more than an acre of waterfront land, bordering Sagaponack Pond, where there’s a private dock, and looking out at the Atlantic Ocean in the distance.

“The location on the pond with the view of the ocean waves breaking is spectacular and unique,” Clark said. “You are close to beaches and the Sagaponack General Store. It is a quick paddle to the famous Sagg Main Beach.”

Other outside amenities include a gunite swimming pool and a hot tub, which are surrounded by a spacious deck, as well as a pool cabana, which has a full bathroom, changing rooms and a sauna. There’s also multiple balconies, decks and a screened porch overlooking the pool, striking a balance between indoor and outdoor living.

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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

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