October Market Snapshot #2

The Sydney real estate market has recorded another solid performance over the weekend, with Australian Property Monitors reporting that the NSW capital reached an impressive clearance rate of 82 per cent.

With 180 properties sold across the city during the weekend, the results highlight a total sales value of $152,198,300, and a median sale price of $800,000, which could be an attractive prospect for anyone interested in selling their Balmain real estate in the near future.

For example, in the suburb of Lilyfield a three bedroom house sold on Balmain Road for an impressive $865,000. Any families investigating downsizing their home could make a fantastic return on their property by taking advantage of the strong market at the moment.

The suburb of Drummoyne also experienced a fantastic weekend for Inner West real estate sales in Sydney. There were three properties sold, with the lowest price secured well above the city's median - a three bedroom home selling for $905,000 - while the most expensive raked in a huge $1,482,000.

There are also a number of opportunities available for buyers in the market, especially property investors. A fantastic piece of Rozelle real estate is available, and would perfectly suit either a young professional investigating city-central accommodation, or an investor looking into property in prime locations.

This one bedroom apartment in Rozelle is a 10 minute commute to Sydney's central business district, while being far enough away from the city to establish a healthy work/leisure relationship.

Furthermore, due to the close proximity, it's possible to embrace a sustainable lifestyle and begin utilising public transport between home and the office, aiding the clean and green efforts of the city and contributing towards saving the planet.