Real Estate

Market mood positive as more seek appraisal

SYDNEY auction clearance rates are hovering around 70 per cent which is certainly a great result considering everything that is going on in the world.

We have noticed a significant rise in buyers attending open for inspections on Saturdays. Even the top end of the market is doing extremely well and this has a lot to do with the low interest rates that are currently on offer.
There is even talk of a further drop in either October or November of a further .25 per cent.
Appraisals are up too, which means people who have been holding off, are thinking that now is the right time to sell.
Overall, the mood is very positive in the area and we have noticed quite a few clients are now doing “tree changes” and again this has been sparked by Covid. Some buyers are selling their apartments and purchasing homes on the coast and in regional cities where they get a lot more bang for their buck.
Whether you’re planning to buy or sell, here at Day & Hodgson we can advise you on what’s happening in the market and help you decide the best way to move forward.