The market is cranking and will continue to do so in 2021
It's been a busy 6 months in Sydney real estate, and this is only the start to a very strong 2021.
Sure, one thing that has been driving the market has been the lack of stock, on top of that, low rates and now the biggest thing that will drive it from March 2021, is the softening of lending restrictions from the banks.
There will be a lot of buyers that have missed out in 2020 that will roll over into 2021, and the feeling I am getting from buyers is, if we can't travel around too much next year, let's bring our housing plans forward.
Remember everyone when the GFC wrapped up, property went up 14.2% in the following year, so I am tipping that we will have a very strong capital gain in certain areas next year.
PK'S Sydney Property market predictions
If you can purchase before Christmas it would be a great idea, the only problem is stock is really low so you might get pushed into February next year.
PK'S Hot Property tips
Finance is taking forever at present, so make sure you get finance approval before you start the house hunting process.
Call me today for a confidential chat in regards to helping you purchase your next home or investment property. Peter Kelaher 0419-200018
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