Auction Results Sydney 12 June 2021
Auction Results Sydney
Comment: Auction Results Sydney
Interest Rates: RBA assistant governor Christopher Kent reiterated the bank’s view that inflation and wages growth would not be high enough to justify an interest rate rise until at least 2024. A half percentage point increase on a 30-year, $450,000 mortgage would lift the monthly repayment by $118, or $1416 a year
House Price Forecast: AMP Capital chief economist Shane Oliver said national house prices could rise by as much as 18 per cent by the end of the year and a further 5 per cent next year. House prices could start to fall in 2023, especially if the Reserve Bank of Australia decided to raise interest rates a year earlier than predicted.
First Home Buyer’s v’s Investors: Investor loans were up 2.1% in April and First Home Buyer’s down 1.9%. Investors are determined to buy bricks and mortar rather than leaving money in the bank, collecting dust. Investors often return to the market once prices rise and they can see the potential for capital growth.
Using a Buyer’s Agent: At TBAS®, we offer comprehensive end-to-end support – from identifying and analysing potential properties to dealing with agents, attending inspections, bidding at auction and negotiating a sale on your behalf. We take the time to understand your timeline, budget and exactly what you’re looking for, then create a tailored strategy to get you into your dream home, fast.
We recently achieved outstanding results in Darling Point, Croydon, Bellevue Hill, Riverwood, Bowral, Maroubra and Caringbah South.
Disclaimer: Not all Properties were bought or sold by TBAS® Buyers Agents. The Auction Results Sydney are compiled for research purposes to assist our valued clients in making educated decisions when purchasing property