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Spotlight on Double Bay

Spotlight on Double Bay

Elders Real Estate has added another new franchise to its team. The new office opened in Double Bay and the atmosphere is already buzzing! Paul Troyanovsky, the Principal of Elders Double Bay, is sparing no effort to make sure people walk through the door. “Everything’s brand new”, he says of the office itself. “It’s gorgeous. And I serve coffee and cake to my clients every day!”.

This is the second incarnation of Elders Double Bay, which Paul has helmed – originally with a partner and now alone – since 1999. His experience in real estate goes back even further, starting out almost 30 years ago in 1989. “I’ve worked all my life in the eastern suburbs”, Paul says. “I started in Bondi before moving to here. From Double Bay, you can sell properties anywhere, and I do”.

The foundation of Paul’s success is built on strong relationships with both landlords and vendors, which has allowed him to develop a strong network within the industry. He adapts to the ever changing nature of real estate and has a proven track record of delivering services far beyond his clients’ expectations.

Paul’s attention to detail is unparalleled in the industry and he promotes a great example of what hard work and genuine love for his profession can achieve.

While the media narrative concentrates on dipping Eastern state prices, Double Bay continues strong. “I sold a property at auction yesterday for $300,000 above reserve, and the auction room was absolutely packed”, Paul says. “The eastern suburbs are the cream of the crop for real estate. Even in this market, prices are going up”.

That’s borne out by the market statistics, which indicate that the area enjoys high demand compared to Greater Sydney. The median house price has increased from $3,855,000 in November 2017 to $4,500,000 one year later.

But it’s not just a canny investment: buyers know that Double Bay offers an unparalleled lifestyle as well. “People choose the area for the cafes and restaurants, and for the convenience of schools”, Paul explains. “There are amazing private schools here, and they’re all tightly zoned so if you want in, you have to live here”. In an area where even the well-attended public school enjoys water views, it’s easy to see the attraction!

Families may make up the bulk of buyers, but the area appeals to younger professional couples as well, with upscale apartment blocks offering an entry point into the market. While Double Bay used to be the territory of baby boomers, the past ten years has seen it get a serious facelift, raising its appeal for wealthy younger buyers. Downsizers, too, are attracted to the increasing number of smaller apartments that are being developed to meet demand.

Commuters can catch the Double Bay ferry to Circular Quay, where they’ll find rail and bus interchanges. Luxury boutiques, cafes and green spaces make the weekends pleasant, and there’s plenty to do for sightseers as well as locals. Come on a Thursday to experience the Double Bay Organic and Food Market in Guildford Park. You can buy organic produce, sample crepes at the Parisian-style cafe or let the kids explore the petting zoo.

On hot days, you can swim in the safe enclosure of Murray Rose Pool on gorgeous Redleaf Beach. A wrap around pontoon offers breathtaking harbour side views.

If you’re here in May or June, time your visit to experience Vivid Sydney: the illumination of the Opera House is accompanied by music, art and ideas for an unmissable three week festival.

Luxury is in the air in this gorgeous leafy suburb. See what all the buzz is about for yourself – and don’t forget to drop in on Paul and his team. There’s cake!

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