Over the third quarter of 2018, Sydney dwelling values have fallen by -2.1% and values across regional NSW have fallen by -1.2%. Over the past 12 months Sydney values have fallen by -7.2% while regional NSW values have increased by 1.2%. By comparison, 12 months ago Sydney values had increased by 10.3% and regional NSW
After peaking in mid 2017, Sydney property values have fallen for almost 18 months now, but at a time when many are forecasting the property market to keep falling, one economist sees our real estate markets turning the corner in 2019. Trent Wiltshire – economist at Domain and author of their Property Price Forecast report suggests that 2019 looks likely to be
As a property professional I’m constantly learning. I learn from my experiences – both good or bad, as well as those of my clients at Metropole. Today I’d like to share two property investment tips and two success tips I would have liked to learn earlier in life. Two property tips 1. Take the emotion
While development is undoubtedly taking place in Sydney, you interestingly won’t find much of it in the actual CBD. In our top ten list (seen below) there is only one inner-city suburb included. The majority of dwellings scheduled for the development pipeline can be located in outer suburbs, some quite a significant distance from the city. It’s
Alarm bells are ringing for those who bought an off the plan apartment a few years ago. Investment bank UBS warned that three in 10 new apartments sold off the plan in Sydney are now settling with a lower valuation than the original contract sale price. And it’s much the same in Melbourne. This comes
Are property auctions a thing of the past? With auction clearance rates around Australia at a low point, I know some commentators are suggesting it’s not worth taking your property to auction any more I don’t agree. On the weekend we purchased a great villa unit at auction for a client – a true investment grade property which was
All the single ladies in Sydney, put your hands up! It’s time to celebrate – because while Australia is suffering from a man drought, there is a large proportion of the Sydney population that still contains young, single men. And whether you’re looking to move to Sydney to find love, or just trying to find
With Sydney’s property boom behind us and the market demonstrating a much slower rate of growth, buyers are understandably unsure about where to buy next in the Harbour City. Whether you’re searching for your own home or sizing up a potential investment, when it comes time to purchase, there are so many aspects to consider.