14B_3-17 Darling Point Road Darling Point Archives

Comment: Auction Results Sydney

- Free Standing v’s Apartments: Free standing House Prices are rising in parts of Sydney due to limited supply and strong demand as owner occupier buyers capitalised on record low interest rates. The opposite for Apartment prices in high-density areas where there is an oversupply of stock, rising vacancies and low rental yields. Locations where free-standing houses are rising.

Campbelltown, Camden & Badgerys Creek Airport area Up 0.5 per cent over May & 1.6 per cent since COVID. Ryde area up 0.4 per cent over May & 4.8 per cent since COVID. Central Coast 0.2 per cent over May & 1.6 per cent since COVID.

- Home Loans Post Biggest Fall Since 2015, however One part of the home finance market that has been going gangbusters is refinancing of loans. Home buyers have taken advantage of super-low rates to shore up their finances.

- UBS economists are more optimistic about the housing market, predicting house price will only fall between 5 and 10 per cent over the next year, which is an upgrade from its previous forecast of at least 10 per cent.

- There’s plenty of good news for first-home buyers. The NSW Government is offering First Home Buyers grants totalling $35,000, combined with record low interest rates and less competition, the timing couldn't be better. First Home Buyer Activity is up 55% according to realeste.com.au. Best Possible Suburbs for First Home Buyers close to the CBD under $650,000 to qualify for a stamp duty concession. Marrickville, Newtown, Strathfield.

Using a Buyer's Agent: A Buyer's Agent can act as a 'middleman' at a time when house hunting has become more difficult. A Buyer's Agent can help by providing a shortlist of properties and arrange private viewings.

Auctions have resumed Onsite. If you are planning on bidding , it is important you have a proven auction strategy and get professional advice.

TBAS® Buyers Agents are continuing to inspect, bid at auction Online and Onsite to purchase properties for their clients. For more details contact us.