Lockdowns no barrier to surge in Sutherland Shire property prices

Managing Director of Highland Property Group David Highland has reported record results in The Sutherland Shire

The Announcement

The Sutherland Shire continues to lead the Sydney property market boom, with leading agent Highland Property posting record results for the two last months as prices and volumes have not slowed during lockdown.

Managing Director of Highland Property Group, Mr David Highland, said:

“We believe the market will surge further as we finally exit lockdowns over the next two months, extending the traditionally strong Spring selling season to Christmas.

“Buyers and sellers have transitioned to digital platforms as a result of the restrictions and this trend will accelerate over the next few years. As result, we plan to invest further in technology to stay ahead of the market,” he added.

Highland Property Group, the largest real estate agency in Southern Sydney, has lifted the number of its property sales to 255 properties at a value of $364.4 million for last eight weeks, a rise of 89 per cent over the same period last year.

Mr Highland said: “We are seeing buyers from the Shire, other parts of Sydney and overseas buying apartments and houses through virtual tours and Zoom meetings, which is similar in approach to our group selling developments off the plan for many years.

“This is the new reality and we expect the record activity continuing amid the low interest environment, lower listing volumes and Australians and ex-patriots seeking the safe haven of bricks and mortar.”

The surge in the Shire’s property market is in stark relief with CoreLogic data showing Sylvania Waters posted the strongest price growth of any Sydney suburb (64.8 per cent) to median price of $2.72 million in the year to May 31, 2021*.

Mr Highland said:

“The move to more work at home measures has seen many inner-city dwellers choosing Sydney’s lifestyle locations like the Shire, with its beaches, transport links and many amenities, as a viable alternative.

“There is now a certain amount of FOMO (fear of missing out) amongst Shire buyers who are no longer waiting for the perfect property to purchase, which in part explains the strong activity in off the plan sales,” he said.

Celebrating 14 years of operations, Highland is currently representing more than 50 property developers across the Eastern Seaboard, with plans to expand its new offices in other parts of Sydney and Queensland in response to demand for its services.

The group provides a full-service proposition to all parts of the market including; buyers and sellers, tenants and landlords, home finance and insurance, commercial property sales, property management and project marketing, as well as a concierge platform focused on supporting every stage of the consumers property journey.

Source: City Public Relations

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