PROPERTY PRICING IS RISING – HOW DID YOU VOTE?

A couple of months ago we felt that pricing in Sydney had bottomed.  We asked for your view.

 

See link to article:

https://www.linkedin.com/posts/johnawills_investment-finance-property-activity-7018756909738459136-zmNU?utm_source=share&utm_medium=member_desktop

 

We are now seeing data points indicating a pick-up in certain markets.

https://www.smh.com.au/property/news/hot-sydney-suburbs-where-the-property-market-is-picking-up-20230315-p5cs8q.html

 

In a nutshell……. Pricing has re-set and is on the up. Demand for quality property is currently outstripping the supply. The result, price rises.

 

Each cycle we see variances in pricing occurring more rapidly. Vendors and purchasers are altering their approached based on the prevailing data, which is now at their fingertips, on a daily basis.

 

Whilst we may not be out of the woods in terms of further pricing correction (the possibility of further interest rate increases) the rising threats of external shocks must be playing on the mind of the RBA. EG. Banking issues in the USA. Could a respite be on the cards for interest rate rises?

 

We will have to wait and see what happens……. But if I was looking to buy, I would be looking quickly.

 

At present there are NOT enough properties for demand. If you are looking to sell CALL John Wills on 0467 44 38 38.