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An apartment-focused agency has opened its third Sydney-based inner-city office to keep up with rising demand.
Ayre Real Estate has inaugurated its Circular Quay office this week, with the aim of addressing “the resurgence of residential living in the precinct and the growing number of prestige apartment developments nearing completion”.
According to Ayre Real Estate director and principal Adrian Wilson, the network expects to see interest in residential properties across the Circular Quay area rise in a similar fashion to what was seen during the late 1990s to early 2000s.
This renewed demand will be on the back of premium developments in the area, including the Opera Residence, Loftus Lane, The Harrington Collection, One Circular Quay and Sirius.
“While Circular Quay has always been a popular choice, over the past 20 years there was a clear shift in new development trends to Hyde Park, Mid-city and Barangaroo precincts,” Mr Wilson said.
But he expects 2021 “will be firmly focused on harbour foreshore living”.
He revealed Opera Residences and Loftus Lane, in particular, as already attracting attention from both tenants and buyers.
“Both projects are of incredibly high quality and are set to be iconic residences,” the director said, flagging a $5.4 million sale in Loftus Lane as an early win for the agency’s new office.
“We are taking a lot of buyer and tenant registrations of interest for these buildings coming up to settlement.”
To keep up with the burgeoning client demand, Ayre Real Estate has onboarded sales agent Emma Vadas and agent support member Grace Mooney to the team.
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