As a team of experienced real estate agents in Sydney, we are constantly observing the ups and downs of the property market and acting on changes as needed. Despite recent interest rate rises, we are thrilled to report that property sales have recovered at pace. Out of the properties we have listed over the last two months, we have successfully sold all but one. This a dramatic change to the same period last year.
Buyers are returning to the market from various demographics, including overseas buyers, immigrants, tenants who are buying their first home, and locals. People who had been waiting and watching the market have finally made the decision to buy, deciding now is a great time to make a move into the market.
Our principal, Trisian Muljono, was able to successfully secure a sale to an international buyer who was reliant on FIRB (Foreign Investment Review Board) within two weeks. This is a great outcome for the buyer and the seller.
In the rental market, we have seen significant increases in rent prices, as the market is bouncing back after the pandemic. Prices that were previously considered average are now considered standard. This trend in rent prices may come as a surprise to renters after experiencing lower prices during COVID-19. We understand the challenges and have measures in place to help both tenants and landlords during this time.
Our team at SydneyLinks is dedicated to staying on top of market changes, and we pride ourselves on our attention to detail when managing a property. Whether you are a first-time buyer, an overseas investor, or a landlord looking to manage your properties, our team is ready to assist you.
The property market in Sydney is looking positive and now is an excellent time to buy or sell. Contact our team at SydneyLinks to learn more about how we can help you achieve your property goals.