15

September 2017

How, When & Where To Find 'Best Price' In The Sydney Property Market

In Sydney the sun is shining and the property market is having a solid start to Spring.

Core Logic reports that there are 22,776 Sydney listings on the market, which is 19% more than this time last year, and that the median sale price over the last 4 weeks was $900,000 for houses and $700,000 for apartments. Read more...

While the established market pricing appears to have stabilised, we are clearly moving into a buyers market for off the plan and recently completed properties. Harry Triguboff, has called for the government to review the recent policies designed to slow down investors and foreign buyers. He says that while first home buyers have been further incentivised, they will not cover the shortfall and is concerned that if construction volumes fall, then the economy as a whole could suffer. Read more...

Clearly if you are in the market for a new/off the plan property, then you are in the box seat to negotiate a great deal - especially if the developer needs sales to either start or exit a project. However if a project is already under construction, you will have less negotiating power as the pre-sale target has been met and the bank funding already triggered.

Here is a summary of our projects, to help you focus where and how to negotiate...

  • Nearly finished projects - Lane Cove, Belmore.
  • Pre-sale period before construction - Granville, Merrylands.
  • Completed property - Newtown, Drummoyne, Carlingford.
  • Under construction - St Ives, Hornsby.

Ready to negotiate? Let's talk!