Wishing You A Merry Christmas

What an amazing year 2015 has been at Ballard Property. Both our sales and property management departments have achieved wonderful success over the past 12 months as a team, and also some outstanding individual achievements and records have been set.

We would like to wish you and your family a beautiful holiday season and a new year of peace and happiness. We will be closing offices from 12.00pm Thursday 24th December and re-opening Monday 4th January.

Millers Point, the future waterfront Woollahra

A future "waterfront Woollahra" is emerging in Sydney's historical Millers Point as the NSW government sells 47 heritage terraces to private owners.

Demand for Millers Point is high due to the adjacent Barangaroo development, a factor that has forced up some property prices by 20 per cent.

A two-level terrace at 119 Kent Street went up 32 per cent in 18 months. It recently sold for $2.52 million after its initial sale price of $1.91 million.

"While that's not the average growth, it's an indication of where it could go," Mr Shalhoub said.

The NSW government has so far reaped $116 million, to be directed into social housing projects.

On Thursday night, it sold another eight houses for $23.98 million, including its highest sale so far – a four-storey Victorian terrace at 1 Lower Fort Street, which fetched $6.67 million.

Mr Shalhoub said the buyers were a mix of empty-nesters, young professionals and young families – an indication of the future demographic of the suburb.

Three residences in the Davies Terrace row, built circa-1870, achieved the following results:

28 Merriman Street (three bedrooms) sold for $2.85 million.
36 Merriman Street (three bedrooms) sold for $2.88 million.
38 Merriman Street (three bedrooms) sold for $2.7 million.

A further four properties achieved the following results:

36 Kent Street, a three-bedroom terrace, sold for $1.9 million.
55 Kent Street, a five-bedroom sandstone terrace, sold for $2.95 million.
59 Kent Street, a three-bedroom end terrace in the Hexham Terrace row, sold for $2.14 million.
71 Windmill Street, a three-bedroom terrace, sold for $1.88 million.

Original Source - The Sydney Morning Herald

Company News

Ballard Property would like to welcome our newest staff member joining our property management team, Monique Manche.

Monique has taken on the role of Senior Property Manager – Team Leader. With 13 years of experience, Monique has strong skills in property management in which we believe will compliment our team.

Local Events

Sydney to Hobart Yacht Race – Saturday 26th December

The Rolex Sydney Hobart Yacht Race 2015 will be conducted on the waters of Sydney Harbour, the Tasman Sea, Storm Bay and the Derwent River. For more information and vantage points to watch from, visit: http://www.regattanews.com/home.aspx