The property market in Sydney’s south west is abuzz, with buyers already out in force.
One of the first sales of 2019 has seen a well-maintained Casula house sell for $842,000 after generating plenty of interest.
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Despite failing to sell at auction before Christmas, the home at 15 Phar Lap Close attracted many owner occupiers in early January.
Selling agent Glen Craigie from McGrath Liverpool said the five-bedroom residence was inspected mostly by couples or families looking to upsize.
“Our first open home for the year was on January 5 so there were concerns it was too soon, but we had 14 buyers,” Mr Craigie said.
“The level of interest so early in the new year is surprising — in previous years we haven’t seen this kind of activity until after Australia Day, when children go back to school,” he said.
The property was snapped up by a couple who had been renting in Liverpool, and wanted to buy a house for themselves and their teenage kids.
Mr Craigie said the buyers were drawn to the home’s spaciousness and its cul-de-sac setting.
On 710 sqm, the house comes with formal and casual living areas, plus a rumpus room with a vaulted ceiling that features exposed timber beams.
A balcony spans the width of the top storey and can be accessed by three of the bedrooms.
The house fetched more than the suburb’s $782,500 median house price, according to CoreLogic data.
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The sellers paid $540,000 for the property in 2009. They will be moving closer to the city.
They join a number of local vendors who are shocked by the new year’s flurry of buyer activity, Mr Craigie said.
“There were so many buyers sitting on the fence at the back end of 2018 and the Christmas break and new year has given them the confidence that the market is stable for now.”