Auction Results Sydney 6 August 2022
Auction Results Sydney
Comment: Auction Results Sydney
Sydney’s house values fell by 2.5 per cent in July to be down 5.3 per cent over the past three months, however house values in Sydney are still 2.1 per cent up on a year ago, with the median value at $1.35 million. Values in NSW’s Southern Highlands are down 3.1 per cent in July alone.
In Sydney total listings are already 8 to 10% above five-year averages. Sales activity over the three months to July was -39.8% drop in sales across Sydney
With rents rising faster than values, yields are consistently improving. Sydney unit market, gross yields have increased by 45 basis points. “Such tight rental markets, improving yields and stronger buying conditions should help to keep a floor under investment demand,” Mr Lawless said of CoreLogic..
“When interest rates start to stabilise, or potentially reduce next year, this could be the cue for housing values to find a floor,” Mr Lawless said. “Similar to the trajectory of the upswing, this downswing phase could be a short but sharp one, depending on how high and fast interest rate settings go.”
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.
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 proper
Weekly OFF MARKET OPPORTUNITIES
Darling Point –For sale: $1.35m. Waterfront building, water views, north facing. 1 bed. 1 bath
Paddington – Victorian terrace on North -East facing block. 5 beds, 2 bath.
Point Piper – Best penthouse. 4 beds, boutique block, house size proportions. Gun barrel Harbour views. Fully renovated., For sale: $30m – $35m
Get in touch to learn more about our extensive list of off market properties and how TBAS® Buyers Agents can simplify the buying process.