The ongoing improvement in housing market conditions has seen Sydney has seen discounting levels fall from a peak of 7.7% in February 2019 to 6.3% in July 2019. A combination of lower interest rates and changes to lending practices is likely to result in an ongoing recovery. As a result, discounts will further reduce and the ‘power’ in negotiations will shift from the buyer to the seller.
If you are looking at buying over the next 3 to 6 months we suggest that you get busy. Prepare your budget and pull your lists together. Start inspecting and position yourself for success.
If you are looking at selling we suggest you carefully consider your position. With a current lack of listings in certain suburbs, you may well be primed to achieve an outstanding result for your property.
If you are looking to sell, buy or lease a property, please do not hesitate to reach out to us.
Regards,
John Wills
+61 467 443 838
john@willsproperty.com.au
