Another strong weekend for Strathfield property

Strathfield has had another strong weekend of property sales with five homes and one apartment selling at auction.

The highest selling property was a six-bedroom house in Shortland Avenue which was sold by Devine Real Estate for $2.29 million.

Another three-bedroom house on Llandilo Avenue in Strathfield’s ‘Golden Mile’, sold for $2.17 million.

The ‘Golden Mile’ is characterised by it’s leafy wide streets, grand Victorian mansions, Californian bungalows and art deco homes.

Joseph Georges of Georges Ellis & Co told The Daily Telegraph that the area has become an appealing place for wealthy families to buy into.

“The Golden Mil is like Bellevue Hill but without being in the east of close to the water,” he said.

“Strathfield is very attractive because of its proximity to an array of schools and, most importantly, Strathfield station which is a major transport hub that links to the Parramatta and Sydney CBDs. You’re quite central and it’s convenient.”

Matthew Everingham of Richard Matthews Real Estate said the Golden Mile performed well, regardless of market conditions.

“It is highly sought-after and not a lot comes onto the market,” he said.

“In the past six months we’ve seen about a 15 per cent increase in property prices over that stretch.”

The median house price has risen 50 per cent in the past five years and is now at $1.525 million. 

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