With auctions failing all over the north shore of Sydney buyers are picking up some real bargains at present.
The best indication of when the market is falling is when your real estate agent actually calls you back after you have been to an open inspection. Due to such a stimulated marketplace over the last couple of years many agents have not had the time to call back buyers due to such a high buyer inquiry or just have not taken the time to do so because the buyers have outweighed the property for sale.
Coming up to the end of the year and a new millenium ahead of us I just quickly want to reflect on what I call one of the busiest years in real estate for quiet some time.
With some buyers reporting that they had been gazumped more than six times some as many as thirteen times, agents were reporting record prices being achieved.
This year we saw a GST introduced which fulled the property market even more on top of our Sydney 2000 Olympic games, which in turn saw building prices going up in the vicinity of 40% in some areas.