20 Beresford Road Rose Bay Archives

Comment: Auction Results Sydney

- House prices in Sydney rose 2.6 per cent in the March quarter, Pre-COVID and 10 per cent for the year to March. Also vacancy rates record a slight drop to 2.5 per cent in May. We are still seeing strong interest in A-grade properties around metropolitan Sydney. In the lower north shore, inner west, and eastern suburbs, in the middle range of properties anywhere from $850,000 to $2 million, there’s a huge supply of buyers.

- Good news for bank deferrals, with the Australian Bureau of Statistics revealing some of the industries most heavily impacted by COVID showing signs of recovery. Payroll job losses decreased from 8.9 per cent to 7.5 per cent over the last month.

- The window for First Home Buyers to get into the market is narrowing, with the percentage of properties under $700,000 falling 6 per cent, to be under 30 per cent of listings. We are still seeing a few good buying opportunities for First Home Buyers Off Market.

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.