Iconic Manly Sold!

image003Manly has always been on our radar. The area is tightly held, has a unique location and great long term capital appreciation. We have just purchased the Manly Beach Club Hotel for $8.95m for one of our clients. Not only is it an iconic site on the beachfront but it will deliver our client a net return of around 7.2%. Just goes to show there are deals out there if you know where to look.

“By Shane Clinton”

Spring Buying Season

IMG_1650Sydney auction clearance rates topped 80% last weekend signalling a strong start to the Spring buying season. It’s not unusual to see a build up of buyer demand over the Winter months and September often unleashes a frenzy of buyer activity. It is interesting to note that suburbs in the north-west and inner west recorded spectacular clearance rates over 90%!

With low interest rates likely to remain the norm for the foreseeable future, it looks like Spring has come early for many property sellers.

“By Shane Clinton”