THE APARTMENT BLOCK SPECIALISTS MELANIE LAHOUD & BREANNA SKEWES
Over the last 15 years, we have assisted 147 clients in the sale of their blocks of apartments. Working in this niche market is a real passion of ours. We have dedicated ourselves to mastering the ins and outs of the market and, most importantly, providing advice to ensure a successful sale price. In this book, we will be sharing some of our key recent sales and diving into the Sydney apartment block market. We hope you will find this helpful to understand the market place over the past 12 months a little better, as we explore how experience and passion come together, one block at a time. Looking forward to continuing the block journey with you! Regards, Melanie Lahoud (and Breanna too!) THE APARTMENT BLOCK SPECIALISTS MELANIE LAHOUD SENIOR SALES EXECUTIVE EXCEPTIONAL LIVING BEGINS HERE SCAN HERE TO SIGN UP TO APARTMENT BLOCK UPDATES
147 APARTMENT BLOCKS SOLD TO DATE $5.6 Million AVG SALE PRICE 87% CLEARANCE RATE $13.5 Million HIGHEST SALE PRICE $117 Million TOTAL SALES VALUE 28 AVG DAYS ON MARKET Why Us? Our passion lies in selling entire buildings, and we have a deep understanding of the Sydney market. We are fortunate to have created a loyal following over the last 15 years of both sellers and buyers who value our straightforward approach. Our clients appreciate our commitment to transparency and our focus on achieving fantastic results. By prioritising their needs and leveraging our market expertise, we ensure a seamless and rewarding experience for everyone involved. Preaching to the Converted A notable 45% of our successful buyers already own one or more blocks of apartments. This highlights our appeal to experienced investors who recognise the value in our offerings. Who We Know Our strategic marketing efforts and extensive database have enabled us to cultivate strong relationships in the market, with 92% of our successful buyers being individuals we know personally. This demonstrates our robust presence and influence within this sector of the market. Our Database We continually expand our pool of potential buyers through past property enquiries and by identifying one-owner buildings. Additionally, we receive at least four calls each week from new buyers actively seeking to acquire buildings, showcasing ongoing interest and demand.
Address Sale Price Yield 1-12/35 Fairmount Street, Lakemba $5,200,000 6% 1-8/46 Colin Street Lakemba $2,740,000 6% 1-8/378 The Horsley Drive, Fairfield $2,400,000 5.90% Address Sale Price Yield 1-9/9 Cecil Street, Ashfield $5,415,000 4.60% 1-8/89 Newington Road, Marrickville $5,055,000 3.90% 1-4/10 Wrights Road, Drummoyne $4,950,000 3.20% 1-8/415 Liverpool Road, Strathfield $3,900,000 4.10% 1-4/19a Westbourne Street, Drummoyne $3,700,000 3.30% 1-7/7 Glen Street, Marrickville $3,600,000 5.40% 1-5/7 London Street, Enmore $3,025,000 4% 1-2/10 Hampden Street, Ashfield $2,050,000 2.40% INNER WEST WESTERN SYDNEY OUR SALES BLOCKS WE HAVE SOLD IN THE LAST 12 MONTHS
Address Sale Price Yield 1-24/24 Wisbeach Street Balmain $13,500,000 5.40% Address Sale Price Yield 1-13/3 Park Parade, Bondi $11,500,000 3.90% 1-9/20 Liverpool Street, Rose Bay $9,175,000 2.90% 1-6/4 Seaview Street, Waverley $6,750,000 3.50% 1-6/210 Alison Road, Randwick $6,000,000 3% 1-6/34 Meeks Street, Kingsford $5,600,000 4.50% 1-6/191 Clovelly Road, Randwick $4,630,000 3.90% 1-4/543 Old South Head Road, Rose Bay $4,560,000 2.30% Address Sale Price Yield 1-16/96 Burns Bay Road Lane Cove $11,000,000 4% Address Sale Price Yield 1-5/30 Broadarrow Road, Narwee $2,456,000 4.40% EASTERN SUBURBS SOUTH SYDNEY INNER CITY LOWER NORTH SHORE
The Sydney block sales market has exhibited varied performance across different regions over the past 12 months. The Eastern Suburbs led with 34 block sales, achieving an average yield of 3.43% and a median price of $8.5 million. The Inner West followed with 20 block sales, delivering a yield of 4.38% and a median price of $3.6 million. Western Sydney recorded the highest yield at 5.12%, with a median price of $3.5 million. Although regions such as Northern Beaches and North Sydney saw fewer transactions, the overall data highlights competitive dynamics, with significant variations in yield and median price across the market. The prominence of the Eastern Suburbs further underscores its dominance in Sydney’s block sales sector. THE MARKET SYDNEY BLOCK UPDATE
WESTERN SYDNEY NORTH SYDNEY NORTHERN BEACHES INNER WEST SOUTH SYDNEY SOUTH EAST SYDNEY EASTERN SUBURBS SOUTH WEST SYDNEY UPPER NORTH SHORE 4.38% AVGERAGE YIELD 3.23% AVGERAGE YIELD 3.50% AVGERAGE YIELD 5.12% AVGERAGE YIELD 3% AVGERAGE YIELD 4.28% AVGERAGE YIELD 3.43% AVGERAGE YIELD 3.12% AVGERAGE YIELD 4.92% AVGERAGE YIELD $3.6M MEDIAN PRICE $4.6M MEDIAN PRICE $3.3M MEDIAN PRICE $3.5M MEDIAN PRICE $4.75M MEDIAN PRICE $3.6M MEDIAN PRICE $8.5M MEDIAN PRICE $4M MEDIAN PRICE $2.96M MEDIAN PRICE | | | | | | | | | TOTAL BLOCK SALES IN THE LAST 12 MONTHS 0 10 20 30 Eastern Suburbs 36 Inner West 20 Western Sydney 13 South West Sydney 6 South Sydney 5 North Sydney 3 Upper North Shore 2 South East Sydney 2 Northern Beaches 2
OUR RECENT SALES MELANIE LAHOUD & BREANNA SKEWES
1-13/3 PARK PARADE, BONDI SOLD $11,500,000 BLOCK OF 13 APARTMENTS RAY WHITE DOUBLE BAY
1-16/96 BURNS BAY ROAD, LANE COVE SOLD $11,000,000 BLOCK OF 16 APARTMENTS RAY WHITE DOUBLE BAY
1-4/19A WESTBOURNE STREET, DRUMMOYNE SOLD $3,700,000 BLOCK OF 4 APARTMENTS RAY WHITE DOUBLE BAY
1-6/4 SEAVIEW STREET, WAVERLEY SOLD $6,750,000 BLOCK OF 6 APARTMENTS RAY WHITE DOUBLE BAY
1-24/24 WISBEACH STREET, BALMAIN SOLD $13,500,000 BLOCK OF 24 APARTMENTS RAY WHITE DOUBLE BAY
1-9/20 LIVERPOOL STREET, ROSE BAY SOLD $9,175,000 BLOCK OF 9 APARTMENTS RAY WHITE DOUBLE BAY
1-8/89-91 NEWINGTON ROAD, MARRICKVILLE SOLD $5,055,000 BLOCK OF 8 APARTMENTS RAY WHITE DOUBLE BAY
1-5/7 LONDON STREET, ENMORE SOLD $3,025,000 BLOCK OF 5 APARTMENTS RAY WHITE DOUBLE BAY
1-6/210 ALISON ROAD, RANDWICK SOLD $6,000,000 BLOCK OF 6 APARTMENTS RAY WHITE DOUBLE BAY
1-8/415 LIVERPOOL ROAD, STRATHFIELD SOLD $3,900,000 BLOCK OF 8 APARTMENTS RAY WHITE DOUBLE BAY
1-4/10 WRIGHTS ROAD, DRUMMOYNE SOLD circa $5,000,000 BLOCK OF 4 TOWNHOUSES RAY WHITE DOUBLE BAY
1-4/543 OLD SOUTH HEAD ROAD, ROSE BAY SOLD $4,560,000 BLOCK OF 4 APARTMENTS RAY WHITE DOUBLE BAY
1-6/191 CLOVELLY ROAD, RANDWICK SOLD $4,630,000 BLOCK OF 6 APARTMENTS RAY WHITE DOUBLE BAY
"Melanie has been superb and we know it was sometimes very difficult for her, but throughout, she has maintained her cheerfulness and her enthusiasm when we were sometimes being negative. She has delivered on every level, from the photographer, the advertising, the auctioneer, the follow-up of prospective buyers – she has never been distracted from her goal." "If I were personally selling my block in Bronte, I would call Melanie Lahoud. She is the go-to person for Buyers Agents when they have a client looking for a block. I believe she has sold well over 100 blocks of units. If there is anyone who has ever even enquired about a block in the East, or in Sydney, she will have them on her database. Block buyers are often also developers (and vice versa). Especially if we are going to rely on an Off Market approach, she has the database to contact." "Thank you for completing the sale. It is a major milestone as we have had this building in the family for such a long time. However, time moved on, and it was the right decision - and the right partners to help us realise it." OUR CLIENTS
"At our first meeting I was impressed by Melanie's professionalism and her personal manner. She had thoroughly researched the area of Bellevue Hill in which I was selling the block and had the results of that research printed and ready for me to look at and discuss. She had suggestions to make as to the best way to sell the property and was prepared to drive out to Richmond to collect the necessary paperwork. The property was sold two weeks later! Throughout this time, she kept me informed as to how things were going with the sale, which I found very reassuring. She was always approachable and accommodating." "We would like to thank you most sincerely for selling Peter’s building at auction recently. From the moment we met you we were really impressed with your warm, friendly manner and your professional presentation of the marketing plan. Throughout the whole process you kept us informed at all times, and were always available for follow-up talks. We really appreciated your good advice about presentation of the building, and the hard work you put into getting the property sold. Your commitment, enthusiasm and cheerfulness gave us confidence, and we are very happy with the result. You listened to what we wanted, and you were an absolute pleasure to work with. We would have no hesitation in recommending your services, and wish you all the very best for the future." "Her negotiation skills shone through when she finalised the sale prior to auction for a record price. Over the years I have had several dealings with other real estate agents however Melanie’s outstanding performance is second to none. I would have no hesitation in recommending Melanie and I certainly look forward to doing business in the future again."
RAY WHITE DOUBLE BAY ARE PROUD TO ANNOUNCE THAT THEY HAVE BEEN AWARDED Ray White Double Bay (02) 9363 9999 EXCEPTIONAL LIVING BEGINS HERE NO. INTERNATIONAL OFFICE 1 Get in touch with us and see what a difference award winning service can make. raywhitedoublebay.com
Melanie Lahoud Senior Sales Executive 0400 554 544 melanie.lahoud@raywhite.com Breanna Skewes Sales Associate 0400 487 040 bskewes@raywhite.com raywhitedoublebay.com
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