Upstate Update: Outperforming the market despite the challenges of the pandemic

The beginning of 2021 brought plenty of promise, as it started to look like things were going back to normal. Unfortunately, the arrival of the COVID-19 Delta variant has seen us once again facing lockdowns, restrictions, and other uncertainties throughout the second half of this year.

While we’re still not sure when this will be over, we are sure of one thing:

The real estate sector continues to survive and thrive.

With the historically low interest rates, the surging trend of remote working and an increasing demand for lifestyle homes, Australian real estate has remained a high performing sector right throughout 2021.

Upstate’s strong performance this year is a testament to this. But we can’t let market conditions have all of the credit!

Here’s what’s been up at Upstate over the last few months.

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Upstate’s performance has exceeded that of the general market

There’s a reason why our team are highly regarded as the largest and most trusted property agency across Sydney’s Northern Beaches – and it all comes down to consistently delivering excellent results.

From January to August of this year, we have already sold 450 houses and leased 476 rental properties.

This is despite the fact that houses across more than 50 Sydney suburbs have seen at least a 20% price surge in just 12 months, while the median house price on the Northern Beaches has remained well higher than other parts of Sydney.

The premium housing market has also experienced growth over the last 12 months – not a total surprise considering that more people saw staying at home and working remotely as a long-term reality. Upstate was able to adapt well to this trend in the market, growing our numbers and surpassing the performance of much of the industry.

“Some suburbs on the Northern Beaches show an upward growth of 30%. However, Upstate sales show upwards of 50% growth in most cases,” says Lachlan Yeates, one of Upstate’s directors. “We’re proud of this because it’s our customers who have benefited, not just ourselves.”

Adaptability has been one of the keys to our success

At Upstate, we take pride in our high standards of service, customer-centric approach, world-class technology and resiliency especially amidst the uncertain conditions over the last two years.

By embracing innovation, our team has offered private appointments, online inspections, virtual appraisals and digital auctions to help homeowners continue to sell their properties during these challenging times.

Lachlan adds, “This time last year, a lakefront home in Narrabeen fetched a record price of $3,270,000. Since then, this record has been broken three times – with the highest sale price now reaching $5,700,000. Our result at Quirk Street Dee Why earlier this year also sold for $1.32 million more than it did two years prior, showing 55% growth. And who could forget about the amazing sale by our team on Newport Beach, selling for $10 million.”

With three months of the year still to come, Upstate is determined to continue producing such amazing results for our customers.

Get the full Upstate experience

Take a look at some of our recent Upstate residential sales, or our latest Upstate leased properties, and you’ll see just how we’ve been able to make such a positive difference in the lives of our buyers, sellers, landlords and tenants.

As your trusted real estate specialists, we want you to be able to experience this success, too.

So, whether you need help with property presentation, targeted marketing or finding the right agent to sell or manage your Northern Beaches’ real estate, remember that Upstate is always here to ensure you get the best results.

Find yourself in a better place

We’re here to help you.

Your Upstate property specialists can make selling your home easy, manageable and transparent. That’s because we’re a big agency, with the heart and determination of a boutique one. Speak to your local Upstate team today and we’ll show you all of the possibilities available.

We look forward to chatting with you soon.

Your local Upstate team

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