Have you been waiting, hoping and praying that somehow the price of real estate will go down in Sydney? Well, I have some good news for you…
Up until July or August investors and home owners across Sydney were desperately outbidding each other in an attempt to secure one of the few properties on the market however spring saw an influx of new properties and naturally with greater choice buyers begun to slow down. Since July, the market has slowly crept lower with so many properties now on the market that an oversupply has caused many buyers to become complacent. Prices have dropped 5 – 7% in the Eastern Suburbs, with many homes being sold well under their true value, allowing astute buyers to currently purchase a home they could not have afforded 12 or even 3 months ago.
This may however only be a brief window. Most analysts are expecting the Reserve Bank to lower interest rates again within the next few months which will encourage new buyers into the market and push prices upward again. With the combination of record low interest rates and depressed prices, is this the perfect storm you have been waiting for to buy in the Eastern Suburbs?
Don’t miss this chance to buy the home you truly want at the very best price. For a confidential discussion on how we can help please contact Felicity Schilling at Unlisted Property. We make buying real estate in the Eastern Suburbs a pleasure
Felicity – 0424 266 205 firstname.lastname@example.org www.unlistedproperty.com.au facebook.com/unlistedproperty