McGrath Double Bay clocks record sales for March

McGrath Double Bay is celebrating a record month of residential sales. Led by principals Craig Pontey and Michael Finger, the team transacted more than $142 million of Sydney’s coveted Eastern Suburbs real estate during March.

Principal Craig Pontey said, “It’s been an outstanding month for our Double Bay office. I attribute this success to collaboration within the team and the great energy in our office.

Prestige agent William Manning agreed saying, “The result is a culmination of cohesive work by a diligent, finely tuned team under great leadership. It’s very satisfying to have the opportunity to work with people of such skill and talent.”

Several significant sales have been negotiated both off market and from current sales campaigns with the highest being 78 Kambala Road in Bellevue Hill which sold for circa $50 million through Luke Hogan and William Manning.

In another multi-million dollar deal by the Manning-Hogan team, clients bought in Paddington and sold in Bellevue Hill on the same weekend after the agents introduced a buyer from their database. Before the weekend was over, both homes had sold for a sum of about $30 million. “It’s all about matching buyers to the right property and our agents excel at that,” said Mr Pontey.

The element of flexibility from both buyers and sellers is also crucial in this market. Luke Hogan believes it is essential in bridging the gap between vendor expectation and buyer preparedness to pay. “Buyers are now more willing to offer flexibility in order to own luxury eastern suburbs real estate,” he said. “Sellers who are willing to negotiate are reaping the benefits of having their property sold leaving them free to move onto their next chapter.”

Colleague James Ledgerwood who partners with agent Ben Fraser is witnessing strength in the luxury Bondi Beach market. “We had multiple contract holders vying for a three-bedroom apartment on Campbell Parade,” he said. “The strongest interest came from eastern suburbs locals. The $8.5 million we achieved underpins the depth of buyers for luxury beachfronts in Bondi.”

Mr Ledgerwood agrees with Mr Pontey on the dynamics of their Double Bay office. “The collaborative environment that we’re fostering with high-performing agents is benefitting our clients and helping to achieve great results for them,” he said.

“This market is about the skill of the agent in achieving great prices,” said Mr Pontey.

A selection of properties sold by McGrath Double Bay in March:

78 Kambala Road, Bellevue Hill – circa $50 million – Luke Hogan and William Manning

5 Fitzwilliam Road, Vaucluse - $16.15 million – Luke Hogan and William Manning

8 Cooper Street, Paddington - $13.25 million – Luke Hogan and William Manning

2/3 Bennett Avenue, Darling Point - $10.25 million – Craig Pontey

102/134 Campbell Parade, Bondi Beach - $8.5 million – James Ledgerwood