5 Meridian Street Eastlakes Archives

Comment: Supply & Demand

Auction Results Sydney

- Investors are being reminded that the pain in the property market will be short-lived. Research conducted by PIPA chairman Peter Koulizos found that five years after each of the recessions or economic downturns over that time period, capital city house prices saw a significant increase.

- NSW to emerge as a “safe haven” for international investors, saying Sydney would trump cities like London and New York for deals in the coming months due to the superior handling of the virus, quality lifestyle and stable government

- Will we have an oversupply of units in Sydney? Leigh Warner, JLL’s head of residential research said, “You may have some temporary declines and you may have a buyers’ market for a period, but ultimately it will become a supply and demand issue.” And stressed Sydney would still face a shortage of housing in years to come. While demand had been eased due to the Coronavirus pandemic, a drop-off in construction activity would see any oversupply of units soaked up in the coming years.

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 advise.

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