In the Spring Update, Michael is reviewing how the Eastern Suburbs area is doing in the property market. MGM Properties have been active in many of the local suburbs including Rosebery, Eastlakes, Botany and Mascot.
Rosebery is a stand out recently, with some great house auctions that have been successful for our property owners. Watch the video to see how much the properties went for at auction!
As Michael mentions, Eastlakes is becoming more and more popular, particularly with first home buyers. Houses in the area are selling up to 2 Million dollars, however Michael thinks that's only going to go up in the near future.
Botany is going strong, with some houses selling upwards of 1.8 Million. Townhouses are increasingly popular as well, particularly amongst people moving from units into their first home. There are also one bedroom and two bedroom properties that are selling well, and we're looking at increases in the sales of those properties as well.
Mascot is incredibly popular, and we've seen a three bedroom penthouse sell for 1.51 Million. MGM Properties have the exclusive opportunity to showcase two penthouses off market. If your interested in viewing the properties, contact Michael on 02 9317 5222.