Auction Results Sydney 19 February 2022
Auction Results Sydney
Comment: Auction Results Sydney
With talk of an interest rate rise this year, it is more important than ever to be properly advised when buying real estate. Not all properties increase in value, even in a booming market where house prices were up around 25% for the year and 55% in less than three years, the largest increase in 40 years.
A more sustainable increase of 5-8% is predicted this year for the Sydney real estate market, due to the higher mortgage rates predicted by the end of the year.
In 2021 there were 24 suburbs where home values declined. The majority of these suburbs were around the Parramatta and Canterbury-Bankstown regions. These areas were popular with newly arrived migrants before the Government closed borders halting migration. Coupled with an oversupply of units, rents dropped and investors found more suitable investments.
Unit prices in Punchbowl where down 19% ($100,000) and Kogarah where down 14% ($113,000)
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 Waverley, Paddington, Newtown, Darling Point, St Marys and Mosman.
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 proper