Market Will Be Very Strong Until The End Of The Year
Well, the PK Property team continued to power on in June, purchasing around $45 Million worth of property for their valued clients.
This lockdown has simply done one thing, and that is tighten up the stock for sale which in turn, will firm up prices and momentum moving into Spring.
I do believe that there are some great opportunities to buy at present, because it's only the people that have to really sell that are presently going to market with their properties.
Anyone that doesn't need to sell will hold off till springtime now due to safety reasons, the main one being they just don't want a lot of unknown people moving through their home.
From my experience, I believe what will happen now is that there will be a backlog of aggressive buyers from winter due to no stock being available, and these buyers will snap up quickly what is available at the beginning of Spring.
With no foreseeable future of travelling overseas and vaccination rates lower than any other country worldwide at present, everyone is continuing to pump their money into property.
PK'S Sydney property market predictions
As I mentioned above, this market will really start to kick again from here till Christmas due to our present stop-start with Covid.
PK'S Hot Property tips
The majority of property will be off-market till Spring, so you will need a PK Buyer's Agent more than ever to hunt down off-market properties and organise those private inspections.