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Market update. There are still less properties for sale across most markets in Sydney, with more buyers active and this is creating a surge in property prices. The main sector that is having the strongest growth is the brand new homes or renovated sector. With a labour hire shortage and construction cost climbing, in some cases 50% to 60%, buyers who were thinking about building or renovating are quickly realising that  purchasing a completed property is a cheaper option that also has far less challenges then going down the building route. That means that while the land value has not risen considerably, the construction costs have, therefore the replacement cost for the final project has increased substantially. understanding these factors in the market, and then applying the right process can create an extraordinary result for the seller, it’s important to note that matching the right buyer inside the right process creates a great outcome. It’s not a case of having three or four buyers interested per property, but having one or two very strong ones interested.

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All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy; we do not accept any responsibility for its accuracy and do no more than pass it on. Any interested persons should rely on their own enquiries.

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Darcy Gregory
m. 0426 714 006