As I predicted about 8 weeks ago, July 2019 saw the bottom of the market. Unlike previous years where Winter suffered from low stock levels and therefore produced fantastic results, this year we have seen a great deal of “panic listing” and this actually made conditions worse for sellers causing a rock bottom market. Several…
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Everyone knows that the property market has changed in the last 12 months and is now well away from the heights of 2015/16. It was something that we all knew would happen, because those prices just weren’t sustainable. Throw in a Royal Commission into the banking sector and changes to overseas investment, well, the bubble…
There are many reasons why you will see a confidential or undisclosed sale price after a property sells. The request for privacy can come from the buyer or seller, so at the time of your purchase or sale, you’ll need to agree to the price being published or not and ask your agent to act…
One of the hardest things to do in property is pick the bottom of the market and at present we are seeing buyers holding off until the market gets there. But the only way to tell when the market has hit the bottom is when it starts to go up, and by then you may…
With the footy finals behind us and both underdogs holding the trophy, perhaps a new precedent has been set in 2018 for those that have been coming off second best in the property stakes. Just as smart sellers sell when no one else is selling, smart buyers buy when no one else is buying. So…
Property is always the talk around the table and auction clearance rates are on the tip of everybody’s tongue. But what are auction clearance rates used for? Typically, these numbers are indicators of how buyers perceive the market. When auction clearance rates are tracking above 70% this number is a key sign that the market…
Welcome to Spring 2018. After six months of price correction, the Inner West market now seems to have stabilised and both buyers and sellers have mostly accepted the adjustment “that the market had to have”. Market swings or changes traditionally take a bit of getting used to, especially for sellers who usually have to make…
About 10% of property sales in Sydney occur “off market”. An off market sale happens when a property is not advertised to the general public, so you might be left wondering exactly how to get involved. Sellers have a wide range of choices when it comes to offloading a property. In a buoyant or rising…
As we enter spring it will be interesting to see if there is the usual increase in listed properties. This will be the first spring in 5 years that we could call a buyer’s market. After the downward price movement since April this year buyers are now out and about and closely monitoring activity. They…
As the slide in property values experienced since March this year continues, the move by ANZ to cut the rates on some of its new customer products may see buyers move into the market, as history has shown that falling rates generally trigger a rise in prices. In a tightening lending environment the banks will…