First home buyers competing with investors and both fired up with lower interest rates struggled to get enough stock. Throw in Buyer Agents trying to pick up stock before auction and you get a perfect storm for the Sydney property market.
This has continued over past weeks with auction clearance rates moving up from the mid 70’s to very bullish mid 80’s. Where to from here? This price appreciation is now moving across other sectors and it’s time to stay ahead of the pack if you are looking to buy. It won’t be easy as vendors are adjusting their expectations in a buoyant market.
“By Shane Clinton”