image

Property Market Update from Stockton Grange

This is a difficult and unusual time within the Sydney community calling for a diverse range of reactions from many bodies caught in the hurricane of changes. At Stockton Grange, as a team we’ve done our best to adapt our business to a new normal and we know many teams around the country are doing the same while staying balanced on a very adverse playing field. There have been many changes in the property market stemming from lockdown restrictions, however by adapting a COVID-safe approach, we are able to continue supporting our local area with no compromises to First Class service, and First Class results.

Growth within Western Sydney property market

The experts from RealEstate.com.au report that despite significant portions of Australia entering lockdown, demand to purchase property within Greater Sydney remains resilient (1). At Stockton Grange, our sizeable Property Sales team of local experts have experienced an increased level of demand from buyers within suburbs in the heart of Western Sydney. Properties in Western Sydney may be experiencing a higher capital growth than other areas of Sydney due to the long-term implementation of NSW Government Western Sydney development planning (2).

“Western Sydney is a key growth area, with new houses, jobs and major projects planned for the future” – NSW Department of Planning, Industry and Environment.

Aerial shot of Mount Druitt provided by Digital1

Aerial View over Mount Druitt Precinct | Photography by Digital 1 Photography

Development and growth in Mount Druitt

Lending institution Loans.com.au has already long since identified our home area of Mount Druitt as one of the high-interest suburbs for investors and developers in Western Sydney in terms of capital growth. Loans confirms that the Mount Druitt region is “undergoing a serious transformation, with $1.5 billion worth of infrastructure approved by the Federal Government” (3), further noting that the growing region has by far leapt away from the undeserved reputation of being seen as unsafe for everyday family living – a reputation that as proud residents of Mount Druitt, we know is undeserved.

High demand amongst buyers and investors

The team at Stockton Grange are currently experiencing high-demand for properties within and around Mount Druitt. The 10 most in demand suburbs amongst our sizeable database of buyers and investors are ;

  • Mount Druitt
  • Whalan
  • Tregear
  • Hebersham
  • Oakhurst
  • Hassall Grove
  • Oxley Park
  • St Marys
  • Werrington
  • Quakers Hill

Overcoming adverse sales conditions

Although the sales conditions may seem adverse, at Stockton Grange we’ve implemented every latest solution in regard to displaying and marketing your property to potential buyers including;

  • developing partnerships with local service providers to offer virtual property tours in effected local government areas
  • developing a COVID-safe inspection protocol to conduct private inspections safely
  • advancing how we communicate activity with our valued vendors through a digital platform
  • and implementing digital showcase methods utilising social media and our website to draw attention to your listing.

Our Sales team are working closely during this time to ensure that your property is exposed to as many active buyers as possible. We have found that most of our properties are selling quickly, with multiple offers from qualified buyers, and in most cases for a value well beyond vendor expectations.

Understanding the value of your property

There is no better way to understand the value of your property than with an annual appraisal. Our team are in action and are operating at high capacity while working to conduct your complex sales process in accordance with current Health orders. If we haven’t appraised your property recently and you’re considering its value in the current high-demand market – please book your appraisal with us and take the first step to be informed

To sweeten the deal until the 15th of September we are offering all new vendors listing their property for sale with Stockton Grange an entry into a prize draw to WIN $1000.

Book your appraisal with Stockton Grange here and get started!