A Bit Boring Same Old Same Old
Well April is upon us and the stock levels have increased a little bit, but not much. Auction clearance rates are hovering around 80% each week, and agents are reporting that there is a bit more property coming on after Easter but not a lot. In the office we are purchasing properties off market all the time, our latest was 2/120 Ben Boyd Rd Neutral bay a great town home last week for $2,875,000. So what will make a lot more property come on the market. Well it's only going to be high interest rates, high unemployment, which doesn't look like is going to happen anytime in the near future. So for the meantime steady as she goes in the property market until the next run of property hits the market after Easter.
PK's Property Market Predictions
If you think this market is going to go down in any hurry think again. This is not the time to be second guessing the market this is the time to buy.
PK's Hot Tip
One of the advantages we are giving our clients at present is the opportunity for us to find them silent sales, that is properties off market not advertised. If you would like to have an edge in this current market feel free to give one of our buyers agents a call today on 99601066. 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.