Comment: Property Values

Auction Results Sydney

- Sydney Buyers are starting to flood the Real Estate Market, realising it is a perfect time to buy. Search activity across Australia is up 5.3 per cent over the past week and is set to increase after the NSW government lifted the restrictions on open homes and auctions as of Saturday 9 May.

- 'Property Doomsayers' predicting a 30% decline in Sydney Property Prices look set to be sadly disappointed again, with prices up 0.4 per cent in April. Data is suggesting a modest 5 per cent decline over the next 6-9 months, but TBAS® Buyers Agents are predicting it will be at least around 10 per cent.

 - Sydney Real Estate discounted by an average of 5.37 per cent: Property in Sydney is not being discounted by as much as it was last year. Sellers on the lower north shore have been offering the biggest price cuts, dropping house asking prices by an average of 9.14 per cent and in the East 6.92 per cent.

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 are continuing Online and Onsite as of this Saturday. If you are bidding Online, it is important you have a proven auction strategy and be well advised.

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

TBAS® Property News

Auction Clearance Rate - NSW: 77% | Victoria: 63%

Coronavirus Real Estate : Buyers activity picks up as market shows signs of life

No Major Decline in House Prices, Yet

Where Vendors are slashing property price expectations by six-figure sums

Property Predictions Beyond the Pandemic