If there’s one thing Sydney could never be called, it’s “dull.”
March kicked off with the vibrant energy of the annual Mardi Gras, filling the streets with dance, love, and colour. Oxford Street, right on the doorstep of our community in Elizabeth Bay and Potts Point, transformed into a hive of joy and celebration. The parade drew the annual flock of visitors and tourists from around the world, extending Sydney’s creative spirit from the Sydney Festival.
Following on from literally dancing in the street…
Our team at Ray White The Woollahra Group, had the privilege of being the major sponsors of the 2025 Woollahra Village Festival. For me, the highlight of the Woollahra Festival wasn’t the stunning $22,000 ring giveaway by Matthew Ely, the Writers Festival at the Olsen Gallery, or even the spectacular opening night party at the renowned Parterre. It was the dog show.
Despite the drizzle and downpour, nothing could dampen the spirits of the community. Locals came out in droves—kids, grandparents, and, of course, the true stars of the show: the dogs! From Gorgeous George, the Golden Retriever crowned for having the waggiest tail, to an enthusiastic pup who won Best Trick, it was a heartwarming spectacle. Proud pet owners beamed as they paraded their beloved furry companions, each one hoping for the ultimate title of “Best in Show.” In spite of the weather – there was no dampening spirit here.
Throughout March our sales team brought to market, and sold a number of exceptional properties across inner city Sydney. Ray White The Woollahra Group continues to lead the market, ranking No. 1 for the highest number of sales across our core areas of Potts Point, Elizabeth Bay, Paddington, and Woollahra. In March our sales team listed 33 new properties and sold 31.
Our team’s combination of deep market knowledge, extensive buyer and vendor relationships, and strategic marketing continues to deliver outstanding results. Our team’s current average days on market is just 25 days, while the market average sits at 45 days for Woollahra and 44 days for Elizabeth Bay (Domain).
Starting with the double deal by Andrew Birbeck, selling both 6/9 Ginahgulla Road, Bellevue Hill, and 5/9 Ginahgulla Road, Bellevue Hill, both properties had been listed over the course of the last 3 years with various agents and agencies. Andrew worked closely with the vendors who had lovingly owned these two beautiful properties for over a twelve year time period. `Trahlee’ is an exceptional building in and of itself, a grand Georgian Revival sandstone mansion. Graced with soaring period ceilings, polished timber floorboards, and french doors that lead onto a balcony with views towards the city skyline and harbour bridge.
Another double deal was that of Renee Cross, lead agent in Elizabeth Bay who masterfully marketed a beautiful one bedroom apartment with parking. This light-filled harbourside apartment gives you the feeling of living on a boat while listening to soothing sounds of lapping water in the sunlit interiors with a spectacular harbour panorama taking centre stage. 7/6 Billyard Avenue, Elizabeth Bay, saw 4 registered bidders each ready to walk away with the keys. Over 80 bids at auction, the gavel finally coming down at $3,000,000. But the day’s negotiations were not over with two of the under bidders, escorted into Renee’s next listing ready to launch that same afternoon 3/6 Billyard Avenue, Elizabeth Bay one of whom was so keen not to leave empty handed, they secured the property there and then for $3,350,000.
66 Paddington Street, Paddington brought to market by Jack Taylor and Randall Kemp , is one of the area’s largest terraces. This 5 bedroom, 3 car space property optimises space, natural light and functionality, spanning four expansive levels with formal and informal living and dining zones opening to a selection of sun washed tessellated tiled balconies. A state-of-the-art marble kitchen features a butler’s pantry and a wealth of premium Gaggenau appliances, while French doors open to a gorgeous north facing backyard oasis perfect for entertaining amid lush, landscaped gardens. The new owners are sure to bring their vision to life in this exceptional property.
Location, Location, Location
Lead Agent Kevin Fine has listed four unique properties, ideal for astute investors looking to capitalise on the short-term rental or Airbnb market. Located at 23–33 Missenden Road, Camperdown, these 1- and 2-bedroom apartments all feature secure car spaces, balconies, and access to a large, well-maintained communal swimming pool.
If property is about location location location, these apartments have that in spades. Within walking distance to RPA Hospital and three of Sydney’s most prestigious universities—The University of Sydney, Notre Dame, and UTS—this location also offers easy access to Camperdown’s vibrant dining and shopping scene, along with fast connections to the CBD, airport, and harbourside. With Expressions of Interest closing on 15th April these are definitely worth a look.
Timeless Elegance
11 Wallaroy Road, Woollahra represented by Randall Kemp & Lisa Chadd is a truly special home. Exquisitely restored, this c1920s home blends period charm with modern sophistication and is set on almost 700sqm in a coveted blue-ribbon enclave. This spacious four bedroom home, is perfect for a family looking for a well appointed home with both formal and casual living spaces, including a sun-drenched conservatory, a granite kitchen with a wine cellar, and landscaped gardens create an idyllic setting near Double Bay village, elite schools, and Cooper Park.
Parkside Paddington
Brought to market by Randall Kemp & Jack Taylor, 112 Hargrave Street, Paddington, is a beautifully renovated terrace that blends timeless elegance with family functionality. Enjoy formal living, a gourmet kitchen with butler’s pantry, and seamless indoor-outdoor flow to a large entertainers’ deck and courtyard.
Set on a rare 194sqm block with rear lane access to a double garage, capturing a prized north-east aspect with park views. Moments from Queen Street, Five Ways, Trumper Park and local galleries, this is an exceptional lifestyle offering.
Welcome to The Sydney Sell—your all-access pass to the jaw-dropping world of Sydney’s most prestigious homes and the fascinating people who live in them. Hosted by our very own Stacey Leonie, a real estate insider with a knack for storytelling, this web series takes you beyond the glossy listings and into the real lives behind the luxury. From waterfront mansions to architectural masterpieces, we’re serving up a mix of property eye-candy, insider knowledge, and a whole lot of personality. Whether you’re a home design junkie, a property dreamer, or just love a good peek behind the velvet ropes, The Sydney Sell is where real estate meets real stories—with a Sydney sparkle.
Sydney’s home values saw a resurgence in March, reversing the previous two-month downturn. The CoreLogic Home Value Index indicates that values are now just 1.4% below their record highs after a -2.2% drop between September 2024 and January 2025.
CoreLogic’s research director, Tim Lawless, attributes improved sentiment in the market following the February rate cut, boosting borrowing capacity and mortgage serviceability. However, he cautions that affordability constraints continue to present challenges to sustained growth. The ongoing balancing act between monetary policy, which affects borrowing conditions, and the property market, where sentiment is improving, but affordability remains a key concern for buyers.
Federal Election Unlikely to Disrupt Property Market, Research Finds
How the Federal Election Could Impact Property Investors
With the election date now set for 3 May, Australians will be heading to the polls, and property investors are watching closely for potential policy changes. While neither major party plans to scrap capital gains tax discounts or key incentives, the election could still influence the market.
Federal Budget 2025: Key Takeaways for the Australian Housing Market
As the 2025-26 federal budget was handed down, Ray White Chief Economist Nerida Conisbee’s wish list for the housing and construction sector aligns with some of the government’s actions, but falls short in several key areas. The budget focuses heavily on cost-of-living relief but lacks bold new policies to address housing supply challenges, which Nerida emphasised as critical.
First-Home Buyers
First-time buyers were the clear winners in this budget, with a further $800 million allocated to the Help to Buy shared equity scheme, increasing income and property price caps to expand accessibility. This was welcomed by REA Group’s Angus Moore, who stated, “The higher price thresholds will mean a lot more homes are eligible for the scheme… expanding availability to more first-time buyers than before.” However, the scheme won’t be operational until later this year, pending re-election.
Construction & Home Building
While Nerida’s call for more investment in construction was partly addressed, the $54 million allocated to modular housing and prefabricated homes aims to build homes faster, potentially cutting construction times by 50%. As Housing Minister Clare O’Neil noted, this could help the government reach its goal of building 1.2 million homes in five years. However, the funding is not enough to meet the escalating demand for homes, a challenge Nerida highlighted in her wish list.
Cost-of-Living & Housing
While housing received less focus than in last year’s budget, the Albanese government is responding to voter concerns about rising home prices and rental costs by introducing tax cuts, energy bill relief, and healthcare funding. These measures will benefit homeowners and renters, though as Nerida pointed out, they don’t directly address the long-term affordability crisis. The $1.8 billion energy rebate and $689 million for cheaper medicines will help ease cost pressures, but there’s still a gap in policies to reduce the housing burden on everyday Australians.
Ultimately, while the budget addresses immediate relief, Nerida Conisbee’s call for long-term, structural changes to support housing affordability and productivity remains unmet. With further election-related announcements expected, the government still has a window to act on these critical issues.
Amongst street parties, dog shows, politics and housing affordability, as we move into April, Ray White The Woollahra Group continues to lead the way with exceptional results, remarkable properties, and active engagement in the community. From our record-breaking sales in March to our proud sponsorship of the Woollahra Festival, we’re committed to delivering the best for our clients and supporting the local area we serve.
If you’re looking to make your next move in the market or simply want more information on any of the properties we’ve highlighted, don’t hesitate to reach out. We look forward to helping you achieve your real estate goals in this exciting market.
For Jack Taylor, the past year has been punctuated by new responsibilities and huge professional growth. Making just shy of 20 sales in six months “exceeded expectations” while Jack also nailed a seamless transition from sales associate to going out on his own and managing a team. It’s a reflection, … Read more
Throughout February, Sydney’s Eastern Suburbs property market sprang back into action. According to REA, this was “the busiest February for new listings in over a decade.” Our Sales Team at Ray White The Woollahra Group is currently ranked No. 1 based on the number of sales transacted across our core … Read more