Sydney’s median house value has climbed more than 15 per cent through the first 5 months of the year and1.5 per cent through the first 17 days of June. Therefore, The Reserve Bank is poised to tighten lending standards in the face of soaring property prices.

The Commonwealth Bank has revealed it would increase the interest rate it uses to assess new loan applications, lifting its assessment rate from 5.1 per cent to 5.25 per cent, a move that is likely to pare back the maximum amount some customers can borrow. CBA said the “vast majority” of customers would be unaffected by the change.

The price cap for the First Home Loan Deposit Scheme in Sydney will be increased $100,000 to $800,000 to assist first home buyers in this rapidly raising market.

Using a Buyer’s Agent: At TBAS®, we offer comprehensive end-to-end support – from identifying and analysing potential properties to dealing with agents, attending inspections, bidding at auction and negotiating a sale on your behalf. We take the time to understand your timeline, budget and exactly what you’re looking for, then create a tailored strategy to get you into your dream home, fast.

We recently achieved outstanding results in Darling Point,  Croydon, Bellevue Hill, Riverwood, Bowral, Maroubra and Caringbah South.

Disclaimer: Not all Properties were bought or sold by TBAS® Buyers Agents. The Auction Results Sydney are compiled for research purposes to assist our valued clients in making educated decisions when purchasing property