Whitehouse Real Estate End of 2023 Market Wrap

Angus White, of Whitehouse Real Estate, reflects on the 2023 property market, describing it as patchy, particularly in the lower end of the Northern Beaches. Despite anticipated increases in stock, low levels persisted, stabilising prices. However, the top end surged, exemplified by a record sale in Seaforth, 1-3 Amiens Road. Borrowing capacity constraints affected the middle and bottom segments due to interest rate rises. Property management saw rent increases, reflecting market shifts. Angus praises his team's resilience, selling 70 properties and leasing nearly 100 amidst challenges. Looking ahead, Whitehouse prepares for 2024 with optimism, listing new properties and encouraging buyers to be ready for a dynamic market. Wishing all a safe and festive season, they anticipate continued success in the coming year.