With exactly 6 weeks to go until Christmas, you may be interested to know what the Sydney property market has in store for 2015.
Predictions for 2015
Sydney property prices are approximately 25% higher than they were just 2 years ago. Whilst a slow-down in this remarkable growth rate is inevitable, many leading analysts are still predicting reasonable growth in 2015.
- SQM Research predicts capital growth in Sydney of 8 – 12 per cent.
- John McGrath predicts between 5 – 10 per cent across the board in Sydney in his latest property report.
- The QBE/BIS Shrapnel “Australian Housing Outlook 2014 – 2017” report predicts growth of 9 per cent in Sydney.
Christmas Shut-Down
Every year, the real estate industry grinds almost to a complete halt between the second and third weeks in December and middle to late January.
If you are serious about buying a property and would prefer to secure a purchase before February 2015, there is still time to buy a property before the end of the year. I have noticed a lot of new stock coming to the market in the last few weeks and this is good news for buyers.
Pre-Christmas Bargains
Some of the best deals can always be found in the weeks leading up to Christmas. Motivated vendors are nervous about missing out on a sale before Christmas and jittery about their listing becoming stale over the break.
If you have not yet bought a property in 2014, it is still too early to switch off and you may surprise yourself with a pre-Christmas bargain.
If you need a competitive edge when searching and securing the right property for you,
do not hesitate to call me on 0405 134 645.
