PK Team Buys $50 Million Worth of Property in September 2021
Well, the madness continues into Spring with listings at an all time low. Some figures for you to peruse are: 771 auctions this time last year and a 74% clearance rate, versus only 445 this week with an 85% clearance rate.
I have heard through the grapevine that open inspections will be allowed last week of October, maybe early November, and I really do believe this market will operate right down to the wire this year, being a few days before Christmas day.
This is all speculation of course, due to us opening up an economy that has been shut down for many months, and if we do have more lockdowns, I think open inspections and a normal market will be more set for February 2022.
I do know one thing, there is plenty of active buyers in the marketplace, a few are hesitant thinking that there will be plenty more property to choose from over the coming months, but at present my guess is stock will be real short the whole of spring 2021.
So in short, don't be waiting for something that may not even happen, if you see something you like have a crack at it and secure it before Christmas.
PK'S Sydney property market predictions
The market will continue to crank right up until Christmas and should a whole heap of stock come on, it could temper a little but don't hold your breath.
PK'S Hot Property tips
One of the main advantages for buyers at present is that because of these long one-on-one inspections, agents are willing to sell before auction.