First-time buyers active despite virus threat
First-home buyers are seizing the initiative at sales as the coronavirus threat begins to reshape the market, with new research revealing the most popular suburbs.
First-home buyers are seizing the initiative at sales as the coronavirus threat begins to reshape the market, with new research revealing the most popular suburbs.
Buyer demand remains high in Sydney’s real estate market, with agents expecting some big sales at auctions this weekend, but the market is also looking increasingly vulnerable.
A prominent property valuer and the head of a real estate investment company has smashed so-called “off market” sales, pointing out they are seldom what agents claim.
It’s never been cheaper to service mortgage debt following four successive rate cuts in nine months, but homeowners who want to get the biggest savings will need to do some homework.
Sydney’s real estate recovery now dangles on a knife’s edge, with coronavirus threatening to hit the market on three fronts. And there could be impacts even if there’s no local outbreak.
Real estate prices have shot through the roof in some capitals over the past year, but it was a different story in other prominent regions where property values are sinking.
The success rate of Sydney auctions increased this week despite a bump in the number of sales, with one property attracting overs well above $7 million.
New research has revealed an alarming number of Aussies maxed out their borrowing capacity late last year expecting an event that never transpired, raising questions about the future of their loans.
Multiple reserve prices were smashed by hundreds of thousands of dollars, and one by more than $1 million, in what was the biggest weekend for auction sales so far this year.
House hunters have become so starved of time to do the necessary leg work involved in buying properties they’re resorting to some unusual measures to hasten their entry into the market.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/124