CONVEYANCING IN ELIZABETH BAY AND RUSHCUTTERS BAY
Unless you are Russell Crowe or Lindsay Fox, you are unlikely to own a house in Elizabeth Bay. At the time of the 2011 census there were only 18 separate houses left in the suburb, and these included mansions like Boomerang, Ashton (now with a block of flats down the hill to the park), Tresco, former dwelling of the local head of the navy, and Elizabeth Bay House, in the hands of the Historic Houses Trust.
The census put the figure of apartments at 98.2%, %, so conveyancing issues mostly involve strata titles. However, there are a larger than usual proportion of older blocks with company titles, and these have a different set of rules for conveyancers to cope with. At JFM Property lawyers, we have extensive experience of company title conveyancing, and often a detailed knowledge of the individual buildings in the area as well.
The recent median price for a flat in Elizabeth Bay was $657,000, though the actual figures very considerably.
You could buy a one-bedroom unit for around $561.000, and get 2 bedrooms for about $900.000.
Larger apartments are mostly in grander blocks and a 3-bedroom apartment is likely to be over $2,000,000.
Rushcutters Bay is a tiny area of only six streets to the east of Elizabeth Bay, and its park is the front yard for many local residents.
The houses that once fronted these streets were much more modest than the mansions of Elizabeth Bay, and almost none of them remain.
The recent median price for a unit in Rushcutters Bay was $447,500.
For one bedroom, it’s around $432,500: for two bedrooms, $785,000.
There are usually not many larger premises for sale in this small area.
Whatever your convayancing needs in buying or selling in Elizabeth Bay and Rushcutters Bay, we at JFM Property Law are perfectly equipped and situated to handle them.