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SUMMER IS RIGHT AROUND THE CORNER!

Summer is nearly here and growth for Sydney’s market is still being recorded! Growth and consumer confidence are just two of the factors supporting Sydney’s excellent performance. In the first half of 2016, Sydney’s property growth stabilised back to a sustainable level due to the strong economy. Buyers have had a tough few years getting into the market, but now is a great opportunity to secure the right property for themselves before the market moves upwards again. The number of homes sold under the hammer is definitely on the rise jumping 10.6% compared to last year, which means buyers are continuing to compete driving up auction clearance rates. This indicates that the slow housing activity is not necessarily a lack of active buyers in the market though it is the lack of stock and shortage of new listings. Suburbs in the Northern Districts have shown that there is still high demand for more homes to come onto the market and overall, we expect it to continue growing with the warmer climate ahead

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