Auction Results Sydney 1 August 2020 Archives

Comment: Auction Results Sydney

New research is showing the “car crash” doom and gloom fallout expected from COVID-19 has not eventuated. PRD chief economist Dr Diaswati Mardiasmo Said “Our property market is still growing, people are still buying and selling. Our vacancy rates aren’t doing that badly.” Brisbane appeared set to be the nation’s top performers over the coming six months, though it had grown just 3.6 per cent in the past year.

Also, Sydney and Melbourne still had the strongest median house price growth over the 12 months to the end of June. Low interest rates, a shortage of homes for sale and sympathetic lenders contributed to the success.

Regional property price growth triples capital city markets, with regional Tasmania up by 9.8 per cent, regional NSW up by 5.3 per cent in and regional Victoria up by 4.4 per cent for the year to June 30. One of the reasons, regional markets rely less on international trade and housing is more affordable.

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.