Tuesday, 14th Aug

PK's Sydney Property Market Update August 2012

After starting the first buyers agency in Sydney 15 years ago and being in Cremorne town centre for 13 years we have great pleasure in announcing from the first week in September we will be moving smack bang in the middle of the retail strip of Mosman. Our new address will be advertised to all come the first week of September so stay tuned.

It's been a busy last 3 weeks with the move and all but that hasn't stopped us purchasing over $20 Million dollars worth of property in that time.

From 13 Shellbank Ave, Mosman an amazing waterfront at $10.1 Million to an off market silent sale in Gordon street, Clontarf for $3.2 Million, commercial property in Neutral Bay, a house in Castle Hill, 2 investment properties on the Lower North Shore for one client, another investment property in Macquarie park and the list goes on.

PK's Property Market Predictions for 2012

The property market is really starting to hot up now and most price ranges are stabilising. Buyer enquiry has doubled since last year and auction clearance rates have been as high as 68%. If you think spring is going to be flooded with property to look at think again. Agents have been reporting that vendors are still hesitant about putting their properties up for sale in this market and therefore stock levels are low which is pushing prices up. Vendors are also not going to the market because they can't find anything on the market to buy so it's going to be an interesting spring.

PK's Hot Tip

Start looking now everyone for that dream home or investment property as the market is now waking up and capital gains over the next three years will be modest, but they will be there for the right properties.

If you would like to receive PK's Sydney Property Market updates, hot investment tips and much more please subscribe here.Or call one of our buyers agents today on (+61) 2 9904-3444 or email us so we can help you find the right property at the lowest possible price.

Also don't forget PK'S 2min video tutorials on you tube showing you the latest hot tips and negotiating tricks.


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