WINTER MARKET MIGHT BE THE TIME TO BUY!
With everyone grabbing some Summer rays in different parts of the world, some buyers are back in Sydney grabbing a few bargains here and there.
Trust me they are here and there, and it's not that the market has really dropped much, but more so that the competition seem to be hibernating for Winter.
As we edge closer to Spring, I am hearing that stock levels are still going to be extremely low, therefore I believe prices will kick up again.
I think the market has stabilised in some pockets, but in other areas it is still highly competitive.
The Northern Districts, Upper North Shore, Palm Beach down to Collaroy, and Western Suburbs areas seem to have softened.
PK'S SYDNEY PROPERTY MARKET PREDICTIONS
As mentioned above,the market is very much driven at present by stock levels, and for the past five years they have been horrible. Do is see them getting any better? I am afraid not. So my prediction is that it will be a very fast Spring, and that prices will rise again as we come out of a long cold Winter.
PK'S HOT PROPERTY TIPS
Don't wait till Spring to buy. You could be very disappointed with stock levels and think that you are going to get a great spread of property, but I don't think that will be the case.
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