SYDNEY MARKET BOTH HOT AND COLD
Well it's pretty well the last selling month of the year and agents are reporting that there is hardly any new stock coming on at all. A little bit more may come on, reason being if somebody buys now and is forced to sell before the end of the year.
There is no doubt that there will be a few bargains from end of November till end of January 2018, the only problem is that it's usually B and C grade stock. But that's not always the case because sometimes you have an A grade property that has failed because the vendor is not meeting the market and they eventually come down to meet the market a week before Christmas.
Great property is going gangbusters still, whereas the C grade stock is actually floundering out there in the marketplace. I do believe overall the market has settled instead of 6 people bidding at auction there are 3 people bidding, therefore controlling the uplift in prices a little.
PK'S SYDNEY PROPERTY MARKET PREDICTIONS
I think Santa will be coming early this year and delivering some bargain properties so keep an eye out for those reindeers everyone.
PK'S HOT PROPERTY TIPS
Agents are playing so many cat and mouse games at present mainly because vendors are still overpricing their properties and are reluctant to meet the market. I would have to say I am saving people more money than I have for a long time.
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