Understanding the Sydney Market and Investing In Australia

Sydney now has the lowest listing rate for Auctions and Low Clearance Rate.  With the clearance now 63% last week, an previous weeks being very similar, the number of listing are continued to be reduced in Sydney.

Last year, clearance was 73% – with far more listings.

Many are predicting the trend of low listings to continue. Prices (Sydney overall) are largely stable, with some downward trend.

Renovation loans are on a steep upward trend, many people seem to be electing to stay and improve.

Buyers need to consider markets overall,  This is a alarming and incredibly interesting info-graphic from CoreLogic.

These are the ‘real’ increases in property price, once you factor in consumer price index (CPI), which measures inflation. CPI increased by 0.4% over the March 2018 quarter to be 1.9% higher year-on-year.

Given this is over 10 years (which is at times considered the period for a property double in price) – this is very surprising.

More than ever, if you are a first time investor, we strongly suggest you get some investment advice. This week alone we’ve hear multiple stories of people over investing in Sydney – and now suffering mortgage stress. Invest Wise!

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