Real Estate

Lots of opportunities in changing property market

SINCE the lockdown restrictions have eased across NSW, we have noticed an increase in buyer presence.

Open for inspections are busier than ever and auction clearance rates are sitting steady at 64 percent.
Stock levels are down about 35 per cent from previous years, which is helping keep the market more buoyant than it would be in the middle of a pandemic, high unemployment and a looming recession.
While investors seem wary to invest due to the decrease in rents, it is a great time to take advantage of the change in the market.
We are reminding our clients to focus on long term growth in key locations.
We have noticed the properties that are selling quickly, within the guide or sometimes over, are the A-grade properties.
A-grade properties are well located, on quiet streets, with good school catchment and renovated.
In a down-turn market, buyers are less likely to take risks and unrenovated properties present risks to the uninitiated.
The real winners here are first home buyers, who have previously been priced out of the market – they have returned enforce.
We are helping a record number of first home buyers looking to take advantage of the market.
With the decrease in property prices and government first home buyers’ incentives, it is certainly the best time I have seen in over a decade.
If you want to take advantage of the buyers’ market, reach out for expert advice from Amanda on 1300 447 732 or if you need to sell a property, call Tony on 0413 696 722.

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