The record sale of a luxury apartment in elite Mermaid Beach marks the first under the hammer for Kollosche in 2024.

The Level 15 apartment located in the ‘272 Hedges Avenue’ building sold for $2,810,000, setting a new price record for a two-bedroom apartment within the suburb.

Despite the more ‘normalised’ market conditions, auctions remain a popular method of sale because they offer the greatest level of transparency for both sellers and buyers.

Sales agents Danny Stanley and Rebecca Jackson spearheaded the marketing campaign for the apartment, which attracted more than 60 enquiries and led to almost 80 groups attending open for inspections.

Danny and Rebecca have a successful track record of sales within ‘272 Hedges Avenue’ and off the back of the auction result attained two additional listings within the building. This offers further opportunities for anyone seeking to buy in the highly sought development.

Apartments in general have performed exceptionally well over the past 12 months, outshining houses on annual price growth. CoreLogic shows a rise of 9.2 pent compared with 3.2 for houses in the 12 months to the end of December.

Strong buyer demand is expected to continue to drive this trend forward in 2024. To capitalise on this market, reach out to one of our apartment specialists who can advise you on how to best position your asset.