Sydney surges!A buyers agents job gets more difficult when pent up demand, low interest rates and high yields combine to spark a market rush. At this point the mini boom is in $300,000 to $800,000 price bracket for properties well situated near infrastructure hubs and delivering high yields.
How strong is the surge? Last weekend recorded 73% clearance rates Sydney-wide and this weekend will be much the same.
Agents have been caught off guard with stock shortages compounding the surge. This will change over the coming weeks as more and more stock becomes available to cash in on the new and robust levels. The question is how long before the green shoots of price growth spread into the $1.5m to $3.0m market?
“By Shane Clinton”