Calling it a housing boom time in Auburn thanks to low interest rates, he says however that units almost exist in a separate market now since they take much longer to sell and rent.
“Auction clearance rates are high and some townhouses and villas have only been lasting a few days on the market.
“A few people have said to me that if and when there’s another lockdown, they don’t want to be living in a unit but want a bit of yard which is understandable,” he said.
“In other cases, couples have been waiting to buy a unit and have been able to save a bit more money; if the bank will lend them more, then it’s only natural they want to put it into a townhouse or house.”
Greg says he feels privileged to be helping local families through the process of renting, leasing, buying or selling their properties since it is one of the biggest events in life.
“The Auburn market is very robust and if thinking of buying of investing, you need look no further,” he said.
For a free market appraisal, call 9749 4949.
Local housing market confidence boom
STARR Partners Auburn Principal Greg Okladnikov says Auburn property market’s recovery from Covid in September, which then saw it sprinting into the new year, has surprised everyone.