How much rent could you charge?

Real Estate Pyrmont

Are you a Pyrmont real estate owner? It may be worth finding out just how much rent you could receive for your property in the current rental market. The real estate market is constantly changing and keeping informed about both the rental market and the sales market is your best way of keeping abreast of Pyrmont property.

Not thinking of renting your property? That’s OK, most people that visit our website intend on living in their home for many years to come – but by knowing the rental value of your home, you can understand the property demands within your local market.

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Pyrmont Real Estate

For a number of years now, the desirability of Pyrmont has grown exponentially. Pyrmont real estate owners have been able to capitalise majorly on their property purchases due to rejuvenations, infrastructure investments and local industry growth.

To most, the popularity of Pyrmont is due to the unique culture within the suburb. There are also primary elements contributing to Pyrmont real estate value increases, including expansions of public transport, road foundations, small enterprise growth and its close location to the Sydney central business district.

Most real estate agents in Pyrmont are located along the main street near the cafe and restaurant strip. These real estate agents offer Pyrmont Property Management services also in the surrounding areas including Sydney. As the number of apartment buildings continue to grow, more investors will purchase property in the area that need to be managed. Some of the most recent property developments have encouraged an increase in investments for the North Sydney location.

Map of the Pyrmont area, near Sydney in Australia. Real estate agents in the 2009 postcode.

Pyrmont Auction Clearance Rates

The market is moving and according this weeks figures, properties in the 2009 postcode are being sold under the hammer at auction. Auction clearance rates around the states as of July 21, 2019 are:

Adelaide: 63.8%. 106 auctions reported, 67 were sold at auction.
Melbourne: 78.3%. 1012 auctions reported, 792 were sold at auction.
Tasmania: 35.7%. 14 auctions reported, 4 were sold at auction.
Canberra: 70.3%. 43 auctions reported, 30 were sold at auction.
Sydney: 85%. 885 auctions reported, 752 were sold at auction.
Brisbane: 50%. 136 auctions reported, 68 were sold at auction.
Perth: 41.9%. 36 auctions reported, 15 were sold at auction.

Real Estate in Pyrmont

In Pyrmont, the real estate dynamics is often shifting, primarily a cause of renovations on prevailing memory filled properties, new apartment highrises being completed and new properties being finished on scarce Pyrmont demolished blocks as they hit the market.

Pyrmont Real Estate Agents

Should you be browsing for Pyrmont real estate agents, you will uncover majority of the real estate agencies located throughout the main street in Pyrmont. Most of these real estate agencies will form a member of a franchise business, with a a select few operating boutique real estate agencies. The real estate agencies are conspicuous and generally located near each other.

Pyrmont Real Estate Market July 2019

The real estate market in Pyrmont is certainly powering through with a consistent stream of new properties hitting the market. The past month has seen steady movement in both auctions and by private treaty.

Property sellers are finding that properties are moving within 4 to 6 weeks, conditional to the property being marketed at a fair price. Pyrmont agents are reporting buyers are emerging primarily from the internet.

Find out more about Pyrmont Rentals, or visit Pyrmont Property Management