Sydney is locking down while Richard Matthews is heating up, selling over $55 million of property in lockdown

Sydney’s latest lockdown has has driven Richard Matthews Real Estate to safely sell nearly $56 million worth of property since the start of lockdown.

The Announcement:

Operating within the strict COVID-19 parameters, Richard Matthews Real Estate has managed an electric mix of eager buyers and savvy vendors to sell nearly $56 million worth of property since the Sydney lockdown began.

The team have continued to safely sell homes across the Inner and South West of Sydney by taking their energetic auctions online via the Auction Now platform while also working tirelessly to achieve incredible prior to auction sale results.

The $55,890,000 transacted since June 26th includes a record breaking result on one of Strathfield’s finest streets and a three bedroom home that sold in just 6 days for $100,000 more than its neighbour just before the lockdown was announced.

Director & Auctioneer Richard Baini said, “These results show there is still huge buyer demand, these people want to do their one on one and virtual inspections and make very quick decisions to secure a home. There is no doubt a real lack of choice is a contributing factor, as is our 7 days a week working policy during lockdown to meet buyer demands”.

He continued, “These results show there aren’t any clear signs the market is slowing down and buyers realise this. It proves that the inner west and south west property markets are still very strong and now is an ideal time to sell”.

Sales Executive & Licensed Real Estate Agent Joe El-Hourani said, “I was able to sell two neighbouring properties within 6 weeks in Greenacre. The second one sold for $100,000 more in just six days on market. The lockdown has actually shown us who the real and genuine buyers are”.

Boasting a 100% Sunday auction clearance rate and huge successes across the Saturday sales, there is no sign of the market slowing.

Richard Matthews has also announced they will be taking advantage of the hot market and opening a second Inner West office to continue the growth of their team.

The exact location is to be announced in the coming days with the team aiming for a September move in.

This comes in the wake of many recent initiatives and accomplishments of the company, including:

• Current Fundraiser and Donation Matching with Beyond Blue
• Recent feature on 60 Minutes ‘Boom and Doom’
• Setting the Suburb Record for Burwood at $6.6 million on June 12th
• REB ranking number 14 for Matthew Everingham
• Official office re-opening by Premier Gladys Berejiklian

Source: Richard Matthews Real Estate

Show More

News Room

If you have any news for the Real Estate industry - whether you are a professional or a supplier to the industry, please email us: