Some of life’s most profound lessons come when we find ourselves back where we started, seeing the journey with new eyes.
116/54 Vernon Terrace was the very first property we sold as Percival Property Group, around this time last year. Two further transactions were contingent on this sale, so aside from being a milestone sale, it was a momentous occasion for all parties involved.
At the time, we’d just emerged from what was the biggest blur of my life so far; on the surface we looked calm and ready, but in the background our entire team was working tirelessly to set up a business while running it at full steam. Our enthusiasm hasn’t changed, but the dust has settled and we’re all a little less frazzled than this time last year.
We always knew our time to sell 116/54 Vernon Terrace would come back around, reimagined by tekDB as Mer’lo, a luxurious, bold residence that honours its storied past. In a way, we saw this property through new eyes, and yesterday, this extraordinary top-floor Winchcombe Carson Woolstore sold for $2,900,000. We can’t wait for the new owners to move in and enjoy this one-of-a-kind home.
In the Saratoga Woolstore, Unit 217 too has sold for $2,300,000. A spacious residence in a unique position on a front corner of the building, this residence is the perfect addition to the buyers’ portfolio.
If a three bedroom Woolstore has been on your radar, we’ve got the perfect opportunity for you. Unit 72 in the tightly held Teneriffe Village Woolstore has just come to market, and what a home this is.
Spanning across a single level, with soaring ceilings in every room and loft-style storage, this apartment offers a long list of perks. The building’s signature galley-style windows drench the home in natural light, and a balcony offers a private outdoor escape.
Enjoy a spacious entertainer’s kitchen with a practical pantry, a separate laundry room and walk-in robes in two bedrooms – this apartment is filled with features that set it apart from the rest. Come take a look tomorrow at 10am!
At 11am, we’ll be at the Saratoga Woolstore, where two vastly different opportunities await. On the top floor, a split-level home with river views could be yours soon. At the rear of the building, a spacious 205 SQM apartment awaits, with an external, private balcony. Offers for the latter close on Tuesday, 19 August, so I highly recommend adding this property to your list if you have not yet taken a look!
The Reserve Bank of Australia announced a further cash rate cut of 0.25% earlier this week, bringing it to the lowest it has been since April 2023! From cautious to confident, the rate cuts have shifted the tone, with buyers seizing opportunities more eagerly than ever and market activity surging.
In particular the $750,000 – $1 million price band has seen properties transacting at breakneck speed. The factor adding fuel to the flame? The current configuration of grants, exemptions and equity schemes that offer a rare alignment, but are generally capped around those prices. First-home buyers can bid higher or access properties that previously were beyond reach, and properties at that price point are, well, hot property.
The good news? We’ve got a couple of opportunities that fit within those figures which may appeal to you or a first-home buyer you know! Take a look below.
I won’t carry on for too long, but I’ll make a very brief mention of the pre-market opportunities we have coming up.
Between a light-filled, modern Teneriffe apartment seconds from James Street, a spacious apartment in the heart of Teneriffe, an Art-Deco gem on Bowen Terrace and a top floor split-level Teneriffe Apartments Woolstore, there’s a lot to look forward to. Check back in next week for the full scoop!
Talk soon,
Ben
