11

January 2019

Welcome to 2019

Welcome to 2019, I hope you had an enjoyable Christmas and New Year.

I am certain that plenty of property news was delivered to you over the break, but here are 2 items you may have missed...

1. DA applications for apartments dropped by 53% (yes - fifty three percent) last year. This clearly suggests that we have moved to the next stage of the property cycle which is the slow down in construction. The surplus apartment supply that we have at the moment will not last forever, and with the pipeline being halved it won't take long for the market to swing back to under-supply, and upward pressure on prices.

2. The ASX (All Ords) dropped 7.6% over the last calendar year. In fact, it fell 8.1% between November 12 and December 21. I didn't see those headlines? Just saying...

Don't wait too long and miss the bottom of the Sydney property market. Most of our projects are open this weekend, so come along, enjoy the sunshine and negotiate yourself a terrific deal.