PK's Sydney Property Market Update December 2020 and 2021 Predictions
A very happy Christmas to all!
Well it's that time of the year again where I give my last property update until February 2021 and my crystal ball predictions for next year being 2021. First of all, I would like to wish everyone a very safe and prosperous Christmas, and thank them for all their support in what has been a very difficult year for many and hope and pray that 2021 will be an incredible year for all.
As I speak, we enter into 2021 with the lowest cash rate we have ever seen, and the RBA talking about keeping it low for the next three years, auction clearance rates at 78 percent, low stock levels, government cash bonuses and incentives to buy property, stamp duty changes, people can't travel so real estate becomes a priority, and the list goes on and on, for what looks like a solid 2021 in real estate.
I would hope that the stock increases next year with Covid settling down, and if it that is the case, it should soften the capital gain that has been rocketing in some areas. But if the stock levels stay low, watch out for what I am predicting could be the strongest increase in prices in 2021 that I have seen in my 30-year career in real estate.
So get those loans approved, those houses ready for sale so you can downsize, upsize, or move to a lifestyle location because 2021 is going to be fast and furious.
PK'S Sydney Property market predictions
I think I have said it all, 2021 will be a fast year in real estate if not a boom, so get those loans approved give us a call and I will represent you with my 23 years of buying agency experience, because you will need an edge in this property market moving forward.
PK'S Hot Property tips
Don't hesitate at present, because today's buy is tomorrow's discount in this market.
Be careful about underquoting at present, worst I have seen it in 5 years. If you need a hand to find out what a property's true value is in this marketplace, give me a call.
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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