The Manly unit that showed the impact of a national Liberal win
A Manly unit sale has clearly demonstrated the impact of a Liberal win at the Federal election.
The two-bedroom unit just 150m from famous Manly beach came to market on May 7, 11 days before the Federal election and it sold on May 29, 12 days after the election.
Agent Rob Cross, of Belle Property Manly, said in the days before the election a few people inspected the top floor unit and the auction guide was set at $1.25 million.
However once the result of the Federal election was clear there was a noticeable spike in the number of people looking at 6/30 Ashburner St, Manly and at Wednesday night’s auction 15 groups registered to buy and the apartment sold for $1.64 million.
“It was a perfect example of the property market before and after the election,” Mr Cross said.
“Buyers are happy to see consistency and the removal of the unknown,” he added.
What’s more after the election investors came back into the market having stayed absent for months, he said.
The auction held in Belle Property rooms saw bidding open at $1.32 million with two downsizers and an investors going toe to toe. In the end a downsizer bought the character unit loving the ocean views and garage so close to the beach.
Agents up and down the northern beaches have commented on what a lift the election result has meant to the real estate market.
Andrew Blake, of Blake Property, sold a three-bedroom cottage in Avalon prior to auction for $1.53 million and said 89 groups inspected the weatherboard home which is a huge number for Avalon property.
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“If we can get five to seven groups through on a weekend we think we are doing well but now even on a Wednesday we are getting 12-15 groups inspecting property,” he said.
“The election was a win for the property industry and we are getting more appraisals and expect to see a bumper Spring,” he said.
Jake Rowe, of Jake Rowe Partners, said the election result has brought a new sense of positivity to the market on the northern beaches.
“Everyone is very upbeat about a Liberal win,” he said.