PK's Sydney Property Market Update April 2021
PK Team Buys $60 Million Dollars Worth of Property in March!
Well, March madness will continue into April 2021
and beyond because there is simply just not enough stock circulating to satisfy the number of buyers in the marketplace.
Yes, I believe more stock will be coming on to the market in April and May, but I just don't think it will be enough to calm down the buyer frenzy completely.
Many people have got extra cash hanging around at the moment due to no expensive holidays overseas, and also no real definite timeline from the powers-to-be when they will be able to travel again, so everyone is tipping the extra cash into their home.
A lot of people's working conditions have also changed, and they are now working a few days from home, so their appetite for a bigger dwelling to work from is pushing change in the property space.
And the biggest push for people getting into property at present is the lowest interest rates on record. So that alone is bringing investors into the market that are not even getting 2% interest on their money in the bank, and also allowing renters to enter the owner occupier space.
This government will do anything to stimulate this economy at present and get unemployment down, so I don't see this property boom stopping anytime soon.
PK'S Sydney Property Market video update
PK'S Sydney property market predictions
This market will continue to march forward for some time yet, so if you are waiting for it to come off to buy, be careful because it could go up a lot more than it will come off in the future.
PK'S Hot Property tips
I don't think the agents even know what the true value of a property is at present, but what we do know is that the appetite to buy is ferocious and will continue for the foreseeable future.
Please call me today for a confidential chat regarding what a property is really worth in this present market. I will give you the edge in this fast market, I have purchased 2,000 properties over the 24 years that I have been in business and I am presently purchasing a lot of properties before auction. I look forward to speaking with you soon. Peter Kelaher 0419-200018
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