Sydney Property Market Update 16/02/2019
The world didn't end.
It can be quite amazing how human beings behave very differently as a collective than in isolation, particularly where the media is involved.
What am I talking about ?
Well I've seen a significant jump in the number of buyers entering the market over the past ten days which has led to more inspections at our open homes and ultimately quicker sales.
With the never ending story that had become the Royal Commission playing out week after laborious week, our office saw a direct correlation to buyer sentiment and activity. It was no coincidence that at the height of the most horrific stories being reported in September/October last year, our market suffered its lowest levels of interest.
Fast forward to today and there is a healthy consistent number of buyers looking.
And now the main concern for these customers is the lack of strong stock levels recorded. Usually by this stage of the year we would expect far greater volumes so it will be interesting to see if this picks up soon. We hope so!
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