Saturday’s (5 December 2020) auction of the final five blocks of land in Harrington Grove’s Dancerwood precinct saw record prices for Harrington Estates and what is thought to be a sales record for the region.
The prices for the five blocks ranged from $770,000 to $1.205 million, with plenty of healthy competition from buyers.
These prices are well above median prices for greenfield land in Sydney. The Urban Development Institute of Australia (UDIA) reports that the median lot price for Sydney in 2019 was $459,000. Harrington Grove also bucks the trend on lot sizes, with the final five homesites in Dancerwood ranging in size from 871 square metres to 1,400 square metres, while the Sydney median according to the UDIA was 380 square metres in 2019.