Sydney property has seen significant improvement after two interest rate cuts, tax cuts, reduced uncertainty around housing, more positive media and easing in the overly tight lending guidelines.
Buyer competition is revving up, as home buyers are borrowing money and looking for property to purchase, although sellers are yet to catch up with this momentum, returning to the market at a slower rate and creating somewhat of a demand gap.
While latest Auction clearance rates sees properties selling under the hammer, the number of dwellings on offer are still low. Promising Auction results are contributing to climbing prices, and this will continue to entice sellers back into a growing market as we approach the historically busier spring selling season.
Currently the driving force behind increases in property prices are most evident in the premium housing sector, where previously values was rapidly falling.
While the market has definitely improved and is likely to continue on this trajectory, albeit at a gradual pace, now, is the ideal time to enter the property market to ensure you stay ahead of the recovery trend.
If you’re worried that you’ve missed the opportunity to purchase before competition heats right up, it’s not too late!
The following indicators confirm the Sydney property market is still underperforming:
If you’ve been waiting for the right time to purchase property, this is the time to take advantage of property prices.
If you need help finding the ideal property and winning against competing buyers to purchase at the right and logical market value, call 1300 132 970 for a confidential conversation with our property and negotiating experts.
Sydney Buyers Agents will help you find properties other than what is available on the market and negotiate on your behalf to ensure you aren’t overpaying in this competitive market.
Address: Suite 1512/83 Spring Street Bondi Junction 2022
Postal Address: PO Box 2192 Bondi Junction NSW, 1355
Telephone: 1300 132 970
E-mail: info@searchfindinvest.com.au
