Following on from last week’s newsletter, we thought we’d highlight some great opportunities for first homebuyers or investors to jump into the market. Low interest rates and recent changes to lending criteria have created positive conditions for borrowers. First homebuyers would be well advised to get on the property ladder now as prices could start to rise again next year when the market gains momentum. Earmarked for ongoing development and offering superb connectivity to the city and beaches, Randwick’s location in the heart of the east makes it the ideal place to invest. We currently have a choice of three superb apartments on the market for sale under $1.3m and all with parking on title.

First up is Tristan Oddi’s off market opportunity at 5/38 Waratah Avenue, Randwick. With a buyer’s guide of $740,000 – $780,000, the one-bedroom apartment is located right in the heart of the village with immediate access to Belmore Road’s retail hub and is a short walk to UNSW and the hospital precinct. On the coastal side of the village, Haynes Wileman and Jason Pantzer’s off-market opportunity at 5/63-65 St Marks Road, Randwick is on the top floor of a lifestyle complex with an outdoor pool and sunny shared gardens (buyer’s guide $1.25m).

Daniel Cachia’s new listing at 6/2 Ethel Street, Randwick takes pride of place on the top floor of a smartly upgraded block of only six and comes with a buyer’s guide of $950,000. Daniel says, “This super stylish apartment was fully renovated a couple of years ago and is move in ready. It’s full of natural light and incredibly private with northerly views over neighbouring parklands to the city skyline that give it a winning edge. We’ve had plenty of interest from buyers wanting proximity to the city and beaches and with The Spot’s dining hub just 500m away everything you could possibly want is within easy walking distance.”

All three apartments will be open for inspection tomorrow, Saturday 30th, (see full listing details below or contact the agent for open times) and if you’re in Randwick and want to check out an auction, the luxurious new designer home at 18A Ravenswood Avenue, Randwick will be going under the hammer at 3pm.