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Highland Property Group reports that high-end homes are gaining steam, with the group doing $50 million in deals across five homes in just 24 hours.
The sales were reported by Highland as all impressive in their own rights, but the quick succession of suburb records, heritage listed sales and significantly high price points were all said to be remarkable evidence of the currently thriving prestige property market.
Agent and group general manager at Highland, John Schwarzer, transacted two of the big sales during this period, namely 66 Shorebird Parade in Greenhills Beach and 4 Dunkeld Close in Burraneer.
The sale of 66 Shorebird Parade within Greenhills Beach was particularly notable in overwhelmingly achieving a suburb record sales price that was stated by Schwarzer as $6 million in excess of the last record set by his team prior in 2021.
In addition to this record, Schwarzer was also able to close a deal on 4 Dunkeld Close. The home, which dates back to 1920, is renowned as one of the few properties within the entire Burraneer peninsular that holds a heritage status and certainly influenced the monumental result of nearly $10 million for the property.
Mitchell Wynn, partner at Highland, additionally negotiated two significant sales in the form of 20 Moombara Crescent in Port Hacking and an undisclosed property in Burraneer for a combined $14 million.
“You see all of these large sales within the eastern suburbs of Sydney and think that is where the big spenders are, but there are plenty of high-profile clients looking to spend $5 million–$10 million right here in the Sutherland Shire,” said Wynn.
Simultaneous to these results, the director of Highland Double May Malouf, David Malouf, was successful in the sale of 5 Simmons Street, Balmain East or “Brookfield”, which since its construction in 1895 has stood tall for over 100 years and witnessed the construction of the Sydney Harbour Bridge throughout its existence.
Malouf specifically noted the property’s sale over the price guide of $15 million as a testament to the exceptional health of the prestige market of homes in the $10 million-plus price range.
Highland CEO, David Highland, was extremely proud of the effort and stated that the slew of records over the weekend was a sign of the growing strength of the prestige market in both Sydney’s south and east alike.
“To start off this year, I have noticed renewed energy with the enquiries I’ve been receiving and at our open homes. The prestige market is performing solidly, and we are seeing demand and supply even out with some incredible homes on the market in the $10 million-plus price range. That makes me really excited to see what we can do in the next few months,” he said.
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