It's been busy at PK Property
I am happy to say that the market is flattening out a little in some areas, but still strong in others. Stock is still extremely tight, and I think that might very well be the case for the rest of the year.
Recent PK Property Purchases
4/75 Brown St, Paddington $678,000
12/8A Wylde St, Potts Point $2,600,000
11 Yathonga St, Lane Cove $1,500,000
27/4 Mandalong St, Mosman $800,000
205/21 Grosvenor St, Neutral Bay $1,070,000
21 Aubrey Rd, Northbridge over $2,700,000
38A Lucretia Ave, Longueville $2,600,000
10/35 Richmond Rd, Dee Why $660,000
8/10 Montpelier St, Neutral Bay $970,000
29 Cabramatta Rd, Mosman $2,350,000
4/70 Ramsgate Rd, Ramsgate $526,000
63 Stafford Rd, Artarmon $1,875,000
1/1-3 Sera St, Lane Cove $1,740,000
1/65A Avenue Rd, Mosman $1,350,000
14/25 Belmont Ave, Wollstonecraft $850,000
27 Bruce St, Ryde $1,530,000
2 Harbour Lane, Middle Cove $1,700,000
8/8A Mosman St, Mosman $1,250,000
6 Woodlands St, Forestville $1,005,000
1203/118 Alfred St, North Sydney $1,870,000
4/64 Renwick St, Leichardt $905,000
31 Golf Pde, Manly $1,890,000
4/10 Raymond Rd, Neutral Bay $1,270,000
13 Henley St, Drummoyne $ 1,640,000
Sales advisory 163 Brougham St, Woolloomooloo $11,000,000
24 Stringbark Pl, Castle Hill $1,450,000
15 Woodland St, Balgowlah Heights $1,850,000
10/12 Karella St, Cremorne $1,041,000
7 Cooney Rd, Artarmon $1,875,000
1/20 Military Rd, Nth Bondi $1,100,000
PK's Property Market Predictions
The property market is still hot in some areas and price ranges, but starting to flatten out in others.
The Upper North Shore up to $2 million is still very strong in houses but over that is starting to drop off a little.
The Inner West is still firing and will continue to do so due to what I feel is still a low entry level for a family home.
The Eastern Suburbs in the over $3 million range is pretty well doing what it has been doing the last few years, and up to $3 million is still very active with low stock levels.
Should see some good growth over the next few years in these areas.
Units up to $1.5 million are hot from an investment and owner occupier point of view in all the areas I have just mentioned.
The Lower North Shore of Sydney and the East will see some really good capital growth in the up to $3million over the next few years. Overall the market is tracking nicely moving forward into xmas and the new year.
PK's Hot Tip
If you are thinking about purchasing a two bedroom unit over the next 6 months in the East or Lower North Shore I believe the time to do it is right now. I would be bold enough to predict that we could see another 10% plus in unit growth over the next 12 months.
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 9960-1066 or email us so we can help you find your next dream home or investment property for the lowest possible purchase price.
Also don't forget PK's 2 min video tutorials on youtube showing you hot tips and negotiating tricks of the trade.