Sydney ranks 1st for luxury property price growth

If you’ve been keeping an eye on the Sydney property market, you’ll know that there has been a significant surge in demand since early January 2021 – especially for premium properties.

The Australian Bureau of Statistics recently reported that total household wealth hit a record high in November 2020. This means that, despite everything, there has been a huge increase in savings, superannuation and house prices. This is why we’ve seen a high number of buyers in the market for luxury properties across Sydney’s Northern Beaches.

So, if you have a high-end Northern Beaches home and you’ve been thinking of selling, now is a great time to put your property on the market. Let’s show you what we’ve been up to on the upper end of the market and the results we’re seeing.

Premium results for premium real estate

Despite a predicted recession last year, we’ve experienced rising property prices across Australia – especially for the luxury and ultra-luxury residential markets in Sydney’s Northern Beaches.

More people have been hunting for phenomenal and breathtaking properties that will give them not just a home or investment, but also the life-changing lifestyle they’ve always dreamed of.

In fact, reported that their views per listing of homes priced over $10 million had increased by 150% towards the end of 2020.

With a growth in demand and less competition, the prices for premium real estate are predicted to keep soaring. Fortunately, at Upstate, we’re here to ensure you get the result that a home of your calibre truly deserves.

As a leading, local boutique real estate agency, we deliver outstanding customer service, utmost integrity and a digital-first approach to help you market and sell your high-end residential home at a premium.

High-end real estate is what we do

Upstate is committed to providing comprehensive real estate services for the prestige market. Our expertise in high-end residential properties means that we can offer you a highly bespoke solution that is perfectly suited to your unique home.

Put simply, we have the collective knowledge and local expertise to take your property from sale to sold. You can have complete assurance knowing your home is in the best hands as we advise and negotiate with your best interests at heart.

See our recent results

Upstate have numerous successful multi-million-dollar sales and satisfied clients who have shared a great experience with us as they’ve found themselves in a better place.

Hear it from one of our agents Tulo Sila who recently sold a $10m property in Newport…

“We are seeing buyers driving the market hard and getting in early with irrefutable offers that leave no room for vendor doubt, triggering significant price increases across the Northern Beaches.

Combined with record low interest rates and a low level of stock in the higher end of the market, buyers are willing to pay more for the luxurious lifestyle we have to offer. A haven for those looking for that beach getaway on the weekends or to soak up the atmosphere of the varying aspects within the region. The Northern Beaches of Sydney is fast becoming the place to live.”

Here are other properties sold recently by Upstate agents that are over $3M:

Newport – $10M

Narrabeen – $4.9M

Dee Why – $4.1M

Bayview – $3.152M

Your Northern Beaches home is one of your most valuable assets. So, let our expertise in the upper end of the property market open more doors towards your success.

How to increase your prestige property’s potential 

Our premium real estate specialists make selling luxury properties simple and easy. Whether you are moving, buying or selling we offer a complimentary concierge service that can help coordinate all your styling or renovation needs. Our personalised service will help you get the most value out of selling your property. 

Speak to your local Upstate team today and we’ll show you the possibilities that are earning excellent results. 

We look forward to chatting with you soon. 

Your local Upstate team 

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