After a short hiatus, we’re back with property news again! We’ll be back weekly once again so stay tuned. It’s a complex situation we are in at the moment.
After much optimism earlier in the year, it seems we may have gotten excited too soon, as the downturn does still loom somewhat. Indeed, The New Daily, has just come out with an article addressing this very topic:
Looser lending, not Coalition, key to property recovery, study finds
We cannot deny though that we are close to the end, and positive signs are there:
Homes in Sydney’s premium suburbs are surging in value
Property market has a spring in its step, but a rebound is not yet in the bag
Recent clearance rates have also remained strong.
Experts are even tipping an interest cut next month, which will surely even help the flagging apartment market. The interest rate will be coming off a bittersweet place though, as a result of the rise in unemployment.
In Dee Why, apartment sales are half compared to what they were next year, so it’s probable this trend will spread to the rest of Sydney:
Number of Dee Why units on market has halved in one year
Inner Sydney is also balancing out:
Why Sydney’s next apartment upturn will be different
Meanwhile, if you’re struggling to sell at a price you’re happy with, here is a new start up that could help you with that.
Finally, check out our latest article on the next Sydney property hot spot. You’ll be surprised!
Have a great week everyone!
