Happy New Year!

Happy New Year! Real estate forecasters expect interest rates to start to fall as inflation pressure in the global and Australian economy ease. This means buyers can borrow more and real estate prices should start to rise because they have more money to spend. However as seen over the last few years other economic, political, environmental, and social events will also have an effect on buyer and seller sentiment so in reality things can change very quickly. The US election, wars in the Middle East and Europe and their effect on energy and oil prices, floods and bush fires are all part of the unknown mix effecting confidence in the economy. If you are a seller or buyer there is a great window of opportunity between now and Easter to transact in a stable market.

The biggest constant in local real estate is that there is only a limited amount of property available on the Northern Beaches and the area is highly sought after for its lifestyle and convenience to transport and the CBD. More people are moving to Sydney and less properties are being sold, particularly with downsizers staying longer in their family homes. My thoughts are that supply of properties for sale will remain tight for the next 6 months and buyers should prepare for increased competition keeping the market firm.

We have several new properties coming up for sale from luxury homes to 1 bedroom apartments. Also if this year is the year you intend to move please reach out to us. We would love the opportunity to offer advice and put a plan together to maximise your return.

Best Wishes
Jason Guildea