Blog

  • Why Invest in Sydney Property?
    Thursday, July 04, 2013
    Our advice for budding bricks and mortar investors this month? It pays to invest in Sydney property. Statistics from the Australian Bureau of Statisti...
    Read More...
  • Sealing the Deal on Commercial Property Management
    Monday, May 13, 2013
    Our blog this month is all about commercial property management in Sydney. For those readers interested in acquiring or leasing commercial property, w...
    Read More...
  • Affordability takes its toll on property management in Sydney
    Wednesday, March 27, 2013
    Sydney property management has soldiered through some bleak periods in the years since the GFC; with housing affordability in the capitals falling dra...
    Read More...
  • Property Management Advice for Landlords
    Thursday, February 28, 2013
    As many landlords will have experienced, property management in Sydney, or anywhere in Australia for that matter, is no walk in the park. Many people ...
    Read More...
  • First time home buyers introduce new trends to Sydney property mangement
    Tuesday, January 08, 2013
     Lately, we’ve noticed a new and exciting trend emerge in Sydney property management. More and more first home buyers are choosing to forgo...
    Read More...
  • Sydney Property Management | A Year in Perspective
    Tuesday, January 08, 2013
    New figures from a survey of landlords in NSW (by consultancy firm BDRC Jones Donald)  show more than half of all property investors hand over th...
    Read More...
  • Asian investment is spurring a mini-boom for property management in Sydney.
    Friday, November 30, 2012
    According to a recent news article,wealthy investors from Asian and Middle-Eastern countries are fuelling a miniature property boom in Australian metr...
    Read More...
  • 5 tips to get your property “rent-ready” this summer – Residential Property Management.
    Wednesday, October 24, 2012
    If you’ve just purchased an investment property and are looking to find new tenants in the summer months, getting your house “rent-ready&r...
    Read More...
  • Increase Rental Returns with 5 Property Management Tips
    Monday, October 22, 2012
    Residential property management is investment over the long term. Experienced property managers in Sydney and other major cities won’t hesitate ...
    Read More...
  • Property manager Sydney - Is yours really working for you?
    Tuesday, August 14, 2012
    The Australian property market finds itself in a pretty volatile place at the moment. Looking for the right property manager Sydney can seem like a ra...
    Read More...
« Previous list of articles
More articles »

Property prices on the rise with Sydney’s property boom

Monday, March 17, 2014

With interest rates at a record low, and high demand for limited housing stock, Sydney’s property market is set to see an increase in property demand and sales – and property costs. It’s great news for home owners and investors, and things are only going to get better.

Since November 2013, Sydney has been seeing skyrocketing demand for residential property, with clearance rates rising so dramatically that they have pulled up property clearance rates on the national level. Clearance rates in Sydney are currently the highest of all the major cities in the nation, and the demand for property has been so high that some industry experts expect property prices to increase up to 20% in 2014.

But even with prices on the rise, experts note that there’s still plenty of room for housing stock to increase in value further, given Sydney’s high income levels. While Melbourne residents are beginning to feel the squeeze, Sydney’s high-earning locals are able to make bigger purchases – and the property market will continue to grow accordingly. Sydney experts have noted that sales have been so strong that the government has seen record growth in stamp duty revenue since records began.

In addition to low interest rates, property clearance rates have been driven in part by lack of new housing stock, meaning that potential buyers are looking at existing properties rather than building new homes. The dearth of inventory is great news for sellers, as buyers are willing to pay higher prices for the small piece of the pie that’s available. 

This points to two great opportunities for sellers: high prices for existing housing stock, and a massive demand for land that can be subdivided or used to build new housing stock. The demand for new houses across the nation has been high, with similar trends in Sydney, meaning that those sitting on land titles are in a great position to negotiate with buyers willing to sign on the bottom line. 

For property owners and investors, it’s a great time to be in the market, as projections indicate that demand is only going to increase throughout the year as buyers continue to seek out viable housing stock. As a result, rental demand is likely to remain high as well, with would-be buyers or those priced out of the market looking for property to lease in the interim.