December 2018

Sydney Real Estate Round Up

Welcome to the last selling weekend of the year!

All our sites will be open for inspection tomorrow, and then we skip 2 weekends for a well-earned break. Please review the list below for details.

It has been a very interesting year in property, with the market cooling in most major capitals, and the resulting media articles providing terrific reading, with most electing to use click-bait headlines like…

“House prices see the largest price drop for last 7 years”

While very few reported…

“Aussie market cracks 7-year affordability high!”

Same story, same facts – different headlines!

Here are 2 articles you may not have seen…

  • Justin Hemmes Plans Billion-Dollar Sydney CBD Precinct, including 55 storey international hotel, hospitality and lifestyle complex. Full story.
  • Sydney has placed Top 6 in the ‘global ultra-prime residential market’ (sale of properties over $25m), based on total value, number of transactions, and average transaction value over the 12 months to August 2018. Full story.

Smart (and wealthy!) people are still spending their hard earned money on Sydney real estate, ignoring the negative sentiment, and negotiating great deals. There is no doubt in my mind that those who jump in now will have the last laugh, as this buyers’ market will not last forever.