Invest
‘No better time to sell in Sydney than early 2020’
Thinking about selling your Sydney property? Ray White’s NSW chief auctioneer has flagged early 2020 as the prime time.
‘No better time to sell in Sydney than early 2020’
Thinking about selling your Sydney property? Ray White’s NSW chief auctioneer has flagged early 2020 as the prime time.
According to Alex Pattaro, Ray White’s NSW chief auctioneer, data has shown that the clearance rate for October and November in Sydney sat at 70.9 per cent “with a mammoth 27.74 per cent sold prior”.
“Ray White Group has just had the best month in its history in November, and off the back of a strong spring and summer selling season, there’s no better time than early 2020 to be sending your property to auction,” Mr Pattaro said.
“Anyone looking to put their house on the market should make it their New Year’s resolution to sell their property under the hammer.
“The stats speak for themselves. We had an average crowd size of nearly 50 per auction in October and November, with an average of 5.9 registered and 3.1 active bidders at each auction.
“The clearance rate is tremendous, with just over seven in every 10 homes selling on auction day. With prices continuing an upwards trajectory and these clearance rates solid, the real question is, what are you waiting for?”
While many have been hesitant about the Sydney market in recent time, Mr Pattaro said the harbour city has without question “turned the corner”.
“You can see buyers not wanting to allow properties to make it to auction day for fear of missing out,” he said, noting that the LNP general election victory, interest rate cuts and the banks loosening their purse strings has breathed new life into the Sydney market.
“We expect that momentum to continue well into the new year,” Mr Pattaro added.
“Stock levels are beginning to rise again, but the fact is there are more buyers than sellers on the ground, so potential vendors need to hop off the fence and take advantage of the major opportunity being afforded to them in early 2020.
“Momentum is a powerful thing and you can feel it gaining and gaining week on week – even as we edge towards Christmas – the runaway train is ploughing straight into the new year with no signs of easing up.”
RELATED ARTICLES
Property
New investment platform Arkus allows Australians to invest in property for just $1
In a groundbreaking move to democratise investment in property-backed mortgage funds, GPS Investment Fund Limited has launched Arkus™, a retail investment platform designed to make investing ...Read more
Property
Help to Buy goes live: What 40,000 new buyers mean for banks, builders and the bottom line
Australia’s Help to Buy has opened, lowering the deposit hurdle to 2 per cent and aiming to support up to 40,000 households over four years. That single policy lever will reverberate through mortgage ...Read more
Property
Australia’s mortgage knife‑fight: investors, first‑home buyers and the new rules of lender competition
The mortgage market is staying hot even as rate relief remains elusive, with investors and first‑home buyers chasing scarce stock and lenders fighting for share on price, speed and digital experienceRead more
Property
Breaking Australia’s three‑property ceiling: the finance‑first playbook for scalable portfolios
Most Australian investors don’t stall at three properties because they run out of ambition — they run out of borrowing capacity. The ceiling is a finance constraint disguised as an asset problem. The ...Read more
Property
Gen Z's secret weapon: Why their homebuying spree could flip Australia's housing market
A surprising share of younger Australians are preparing to buy despite affordability headwinds. One in three Gen Z Australians intend to purchase within a few years and 32 per cent say escaping rent ...Read more
Property
Tasmania’s pet-positive pivot: What landlords, BTR operators and insurers need to do now
Tasmania will soon require landlords to allow pets unless they can prove a valid reason to refuse. This is more than a tenancy tweak; it is a structural signal that the balance of power in rental ...Read more
Property
NSW underquoting crackdown: the compliance reset creating both cost and competitive edge
NSW is moving to sharply increase penalties for misleading price guides, including fines linked to agent commissions and maximum penalties up to $110,000. Behind the headlines sits a more ...Read more
Property
ANZ’s mortgage growth, profit slump: why volume without margin won’t pay the dividends
ANZ lifted home-lending volumes, yet profits fell under the weight of regulatory and restructuring costs—an object lesson in the futility of growth that doesn’t convert to margin and productivityRead more
Property
New investment platform Arkus allows Australians to invest in property for just $1
In a groundbreaking move to democratise investment in property-backed mortgage funds, GPS Investment Fund Limited has launched Arkus™, a retail investment platform designed to make investing ...Read more
Property
Help to Buy goes live: What 40,000 new buyers mean for banks, builders and the bottom line
Australia’s Help to Buy has opened, lowering the deposit hurdle to 2 per cent and aiming to support up to 40,000 households over four years. That single policy lever will reverberate through mortgage ...Read more
Property
Australia’s mortgage knife‑fight: investors, first‑home buyers and the new rules of lender competition
The mortgage market is staying hot even as rate relief remains elusive, with investors and first‑home buyers chasing scarce stock and lenders fighting for share on price, speed and digital experienceRead more
Property
Breaking Australia’s three‑property ceiling: the finance‑first playbook for scalable portfolios
Most Australian investors don’t stall at three properties because they run out of ambition — they run out of borrowing capacity. The ceiling is a finance constraint disguised as an asset problem. The ...Read more
Property
Gen Z's secret weapon: Why their homebuying spree could flip Australia's housing market
A surprising share of younger Australians are preparing to buy despite affordability headwinds. One in three Gen Z Australians intend to purchase within a few years and 32 per cent say escaping rent ...Read more
Property
Tasmania’s pet-positive pivot: What landlords, BTR operators and insurers need to do now
Tasmania will soon require landlords to allow pets unless they can prove a valid reason to refuse. This is more than a tenancy tweak; it is a structural signal that the balance of power in rental ...Read more
Property
NSW underquoting crackdown: the compliance reset creating both cost and competitive edge
NSW is moving to sharply increase penalties for misleading price guides, including fines linked to agent commissions and maximum penalties up to $110,000. Behind the headlines sits a more ...Read more
Property
ANZ’s mortgage growth, profit slump: why volume without margin won’t pay the dividends
ANZ lifted home-lending volumes, yet profits fell under the weight of regulatory and restructuring costs—an object lesson in the futility of growth that doesn’t convert to margin and productivityRead more
