As we close out May, the banking Royal Commission continues and banks appear to be exceptionally cautious as a result, with buyers finding it a challenge to get loans approved. This is contributing to us seeing properties selling for what we estimate to be anywhere from 5-10% on average below their peak, with some…
Tag: update
As we close out April, there is little change in the property market with it continuing to show sluggish signs moving into autumn. We are seeing soft numbers for properties sold and auction clearance rates in Sydney, and buyer numbers are still low. This is starting to show up in property prices with a…
The end of March brings the first quarter for the year to a close (already!), and the market has been in motion long enough to see that activity is definitely slower than the end of last year. This showed up in last weekend’s auction clearance rate which was 65% for Sydney, although there were…
Market is back into full swing and healthy in Sydney’s east As summer draws to a close; this hasn’t affected the property market as it continues to be in full swing. Our initial assessment concurs that there are healthy market conditions. The encouraging market indicators supporting our view are the strong auction clearance rates hovering…
Coming to the end of summer, the property market is back into full swing enabling us to get our first real feel for sentiment in 2018. My initial assessment is that it is a healthy but certainly not overcharged market, which is showing up in common indicators such as auction clearance rates for Sydney…
I hope you had a restful and enjoyable holiday season, and have had a great start to 2018. I certainly enjoyed my break, spending a few days in the US and three weeks in Colombia experiencing its colour and beauty, and spending time with my family there. I am now getting my year started with…
As we close out yet another year, we have noticed an increase in buyers since my last market update, with more activity at our open homes. Admittedly, it is a tricky time of year to conclude whether this is a genuine shift in buyer activity in the market or due to decreasing levels…
Sydney market softens over spring quarter Over the past quarter we have seen dwelling values decline by 1.3%, with November showing a 0.7% fall. While this rate of value decline has gathered some momentum over the past 3 months, it has still been extremely modest and is certainly nothing to be too concerned about. The…
We are now of the opinion that we are in a normal real estate market, having noticed a lack of urgency from many buyers in the market place and a shift in attitude by some trying to take the upper hand and playing more games than ever. However, we are continuing to see good properties…
We have noticed a shift in the property market for the month of October where the market seems sensitive as prices have finally levelled off and even come back slightly for certain properties. In our primary areas of service we have noticed that there is an above average supply of units on the market giving…