Comment: Property Values

Auction Results Sydney

- Limited housing supply is insulating property values. 'Mortgage Holidays' are preventing distressed sales and unprecedented Government stimulus is keeping businesses afloat. We will more than likely see drop in property values over the May period, with rising vacancies and falling rents.

-  So far, widespread property bargains haven't materialised as a result of the pandemic and prices haven’t slumped dramatically, in a critical blow to home buyers, with buyer confidence is rising.

-  First Home Buyers with government assistance have been very active in the property market. Also, 'Upgraders' realising it's the perfect time to trade up, are snapping up bargains.

- Demand for Houses is outstripping Apartments, as savvy Investors want Capital Growth Producing Properties as opposed to high yielding apartments.

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. 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  purchase properties for their clients. For more details contact us.

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