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.”
Property
Poor wage growth could impede home price growth
With wages growth at record-low levels, a property expert has warned that continuing low and flat wages could impede home price growth. ...Read more
Property
Negotiating a lower interest rate on your property loan
The banks are customer hungry, meaning they’re willing to offer increased discounts to new customers and apply these discounts to existing customer loans, a mortgage broker has said. ...Read more
Property
How to determine the real value of a property
With various factors affecting market value and pricing, can one truly predict what buyers will pay for properties? ...Read more
Property
House prices tipped to soar 20% in 2 years: Westpac
House prices in Sydney are tipped to grow by 20 per cent over the next two years, and by 18 per cent in Melbourne, as a leading economist predicts strong economic growth following the rollout of the C...Read more
Property
5 tips to unearth the next property hotspots
A property expert has bullishly claimed that property hotspots are a “complete myth” that almost guarantees buyers will pay top dollar, and has instead urged buyers to seek out the “warm spots...Read more
Property
Top 10 inland rural towns to invest in
While it’s become apparent that regional housing markets have stolen the spotlight, having outpaced their capital city counterparts in 2020, new research has shown that inland rural towns have also ...Read more
Property
Where to buy under $300k
A positively geared property with high capital growth potential does not necessarily need to carry an astronomical price tag, an expert has said, with new market entrants able to land a home for under...Read more
Property
‘Great Australian dream’ of owning a home lives on amid COVID
Most Australian investors and home buyers were largely undeterred by the events of 2020, remaining eager to push through with their investment plans, a new survey has found. ...Read more
Property
Poor wage growth could impede home price growth
With wages growth at record-low levels, a property expert has warned that continuing low and flat wages could impede home price growth. ...Read more
Property
Negotiating a lower interest rate on your property loan
The banks are customer hungry, meaning they’re willing to offer increased discounts to new customers and apply these discounts to existing customer loans, a mortgage broker has said. ...Read more
Property
How to determine the real value of a property
With various factors affecting market value and pricing, can one truly predict what buyers will pay for properties? ...Read more
Property
House prices tipped to soar 20% in 2 years: Westpac
House prices in Sydney are tipped to grow by 20 per cent over the next two years, and by 18 per cent in Melbourne, as a leading economist predicts strong economic growth following the rollout of the C...Read more
Property
5 tips to unearth the next property hotspots
A property expert has bullishly claimed that property hotspots are a “complete myth” that almost guarantees buyers will pay top dollar, and has instead urged buyers to seek out the “warm spots...Read more
Property
Top 10 inland rural towns to invest in
While it’s become apparent that regional housing markets have stolen the spotlight, having outpaced their capital city counterparts in 2020, new research has shown that inland rural towns have also ...Read more
Property
Where to buy under $300k
A positively geared property with high capital growth potential does not necessarily need to carry an astronomical price tag, an expert has said, with new market entrants able to land a home for under...Read more
Property
‘Great Australian dream’ of owning a home lives on amid COVID
Most Australian investors and home buyers were largely undeterred by the events of 2020, remaining eager to push through with their investment plans, a new survey has found. ...Read more
More articles
Website Notifications
Get notifications in real-time for staying up to date with content that matters to you.
