Military Rd, Dover Heights NSW 2030

Type of Property: Apartment

Reason for Purchase: Primary Residence

Address: Military Rd, Dover Heights NSW 2030

Macroeconomic Concerns:

The client had recently sold a semi-detached home and was now looking for a more accommodating lifestyle in an apartment. The client had been looking for many months but lacked traction in finding valued opportunities in the given low interest rate environment. The primary concern of the client was maintaining a disciplined approach to market appraisals and ensuring correct negotiation strategies were implemented in dynamic vendor scenarios.

Stock Specific Mandate:

3 bedroom / 2 bathroom / 1 car
The client mandated a low maintenance design with durable finishes, strong structural integrity and low strata. The Military Rd, Dover Heights blond-brick 1970s boutique apartment complex provided an excellent category fit for such objectives that included bright, leafy outlooks.

Execution Rationale:

After short-listing a number of comparable vetted, opportunities on behalf of the client, a valuation and negotiation strategy was benchmarked. However, we were aware of the strong competitive interest from both investors and primary occupiers. Although there is greater volatility in the Dover Heights apartment market compared to free standing houses, capital growth is positioned to leverage from the high performing suburb. Further, greater apartment upside should also be tracked to comparable sales in the immediate surrounding blue-ribbon suburbs of Rose Bay and Bondi.

Client Testimonial:

“Steven. You were amazing. I feel blessed to have met you. Thank you for going above and beyond what was expected and I’m fully aware of how wonderful you were to me. Beyond expectations. Thanks for being so sensitive to a difficult situation.”