Auction Results Sydney 15 October 2022 Auction Results Sydney Comment: Auction Results Sydney 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 Sy ..read more

Auction Results Sydney 8 October 2022 Auction Results Sydney Comment: Auction Results Sydney 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 Syd ..read more

Auction Results Sydney 24 September 2022 Auction Results Sydney Comment: Auction Results Sydney Buyers and sellers are starting to adjust to the cooler market and interest rate rises, with bidder numbers at auctions on the rise. Listings numbers are seasonally down, and buyers have less to choose from, together with a more relaxed view on credit lending this is supporting the auction clearance rate of around 60 per cent each week. Buying a quality property in Sydney is as challenging as ever for buyers. Recently built or renovated properties were attracting the strongest demand, amid ..read more

Auction Results Sydney 17 September 2022 Auction Results Sydney Comment: Auction Results Sydney Sellers will have to listen to buyer feedback and be flexible on price. Properties are taking longer to sell, with median days on market up to 33 days in the three months to August, which has increased from a low of 20 days in November last year and vendor discounting is rising. In August, new ‘for sale’ listings across capital cities were up 8.7 per cent compared to last year, while regional areas were up 3.2 per cent, PropTrack data shows. Total buyer demand was down 6 per cent nationally ..read more

Auction Results Sydney 10 September 2022 Auction Results Sydney Comment: Auction Results Sydney Permanent migration intake is to increase from 160,000 to 195,000 a year. This is expected to raise rents for landlords and possibly even relaunch property markets back into price growth. Rising rents will attract investors into buying property for rentals Sydney property values have only fallen 7.4 per cent from the peak. Sydney’s auction clearance rate was 53.8 per cent in August, ticking up from 49.2 per cent in July. Vendors are becoming more willing to make a deal rather than holding o ..read more

Auction Results Sydney 3 September 2022 Auction Results Sydney Comment: Auction Results Sydney Despite the recent falls in property values, they have only knocked off a small proportion of the COVID period surge. Sydney dwelling values lifted by 27.7 per cent through the pandemic and have fallen by 7.4 per cent since that peak. HSBC Australia chief economist Paul Bloxham said recent data, such as retail sales figures, showed there was still strong momentum in the economy while unemployment remained at a 48-year low of 3.4 per cent. Federal Reserve is still highly focused on inflation ..read more

Auction Results Sydney 27 August 2022 Auction Results Sydney Comment: Auction Results Sydney The best time for Sydney sellers to hit the market was well over a year ago, Domain analysis shows, because buyer demand for both houses and units peaked in March 2021. Demand for houses in Sydney now is down 11 per cent compared to a typical August. The next best time to sell a property is now. Especially if you are upgrading to a more expensive house, with the changeover figure less than twelve months ago and less competition when buying. Writing in Westpac’s August Housing Pulse report ..read more

Auction Results Sydney 20 August 2022 Auction Results Sydney Comment: Auction Results Sydney According to the Bank Economists, prices are expected to continue falling over the next 12 months, before prices start to increase as banks reduce interest rates again. From our observation, prices have already decreased between 10-15 per cent and aren’t expected to fall significantly more. The lower end of the real estate market is being supported by a return of investors and developers seeking bargains. Reduced borrowing power had also pushed home buyers to lower priced properties. Higher yi ..read more

Auction Results Sydney 13 August 2022 Auction Results Sydney Comment: Auction Results Sydney REA (The Real Estate Portal) say rates have already impacted property prices, but noted strong fundamentals including record low unemployment, high household savings and increasing migration, should continue to support demand. Australia’s property market is healthy and supported by strong underlying fundamentals,” REA chief executive Owen Wilson said. In July, Sydney listings increased 18 per cent year-on-year, giving buyers more choice and power to negotiate. Furthermore, activity in property ..read more

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 consist ..read more