Comment: Property Values

Auction Results Sydney

-  Latest data suggest the decline in property values has been minimal to what has happened over the last month. In the last 28 days ending 21 April, the change in value was still positive at 0.4 per cent.

- With Australian banks heavily invested in Real Estate and the Australian economy reliant on the Property market, together the banks and Australian government will ensure the property values are maintain at a reasonable level.

- Housing prices are expected to bounce back early next year if the economy recovers later this year as predicted, with low interest rates underpinning buyer demand. TBAS® Buyers Agents are already negotiating 10-15 per cent discounts for their clients.

- Entry level properties are performing extremely well, despite COVID-19, with first home buyers with secure jobs recognising the unique buying conditions.

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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TBAS® Property News

Auction Clearance Rate - NSW: 73% | Victoria: 57%

 

The Relative Resilience of Property Values

 

Working from home open up outer suburbs to new buyers

 

House Prices keep on Ticking Despite Crisis

 

Housing Market to bounce back from COVID-19 with price growth next year

 

Most sought after homes: Buyer demand for entry-level housing remains strong during COVID-19