Sydney’s property price has lifted slightly recently and it is consistent with the increase in auction clearance rates. Investors’ confidence level increased due to lower interest rates, tax cuts and a subtle easing in credit policy. “Based on recent indicators, it looks like price growth over the next 12 months could be above 5 per cent, maybe even around 10 per cent.” Domain economist Trent Wiltshire said.
Having said that, the volume of stock advertised for sale remains low. Is it a good time to sell now or wait? If you want the right answer, we can direct you to our Sales Partner. Contact us for more information.
The rental market is still fragile and with the number of vacant properties on the market it gives tenants more options.