What a year! As we enter into autumn and the cooler months, as far as it goes for real estate and property prices the market is still HOT HOT HOT!
The current market is the best sellers market Sydney has seen for a long time. After a flat February result, March finished in a strong fashion. According to RP Data, Sydney dwelling values are now 15.8 per cent higher than their previous peak, showing that while interest rates are low more and more homebuyers are buying and they are buying big.
Such a strong pace of growth cannot be sustained. I expect housing market conditions to cool down as the year progresses, and if the pace of capital gains doesn’t slow, we may see higher interest rates realised much earlier than previously expected.
The value of your home may have increased dramatically over the past few months, and you may be very surprised to learn what your best asset will bring you today.
With my 29 years of local real estate expertise, you can be sure that I will give you a fair representation of what your home is worth and of course some sound advice on what your next move should be.
Want to learn more? Let's talk.
Thanks for reading,