Ep. 57 State of the market February 2020
This week, we are continue our quarterly series on the “State of the Market”. Providing updates on what’s happening in the Sydney market in early 2020, what to expect when you’re inspecting and attending auctions, and things to look out for. Let us know what you think!
HERE’S WHAT YOU’LL LEARN FROM TODAY’S EPISODE:
· How non-stop the market has felt for Michelle over the Christmas period and in to 2020;
· Clearance rates of 80% and over, and why that’s a sellers’ market;
· Changes from the market rises a couple of years back, most notably the lack of stock available;
· Our concern around purchasers not performing simple due diligence with the huge sums involved to purchase;
· How certain micromarkets are out-performing Sydney on the whole;
· Where you will find values exceeding the 2017 peak;
· Banks blowing out their service level agreements to upwards of 20-22 business days; And
· Much more
SPEAKERS IN TODAY’S EPISODE
Michelle May - Buyer's Agent
Marcus Roberts - Mortgage Broker
ASK US ANYTHING!
· Have a money question you want us to answer? ask@sydneypropertyinsider.com.au
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Please note that any views or opinions presented in this podcast are solely those of the speakers, and do not necessarily represent those of any business. These views and opinions are general in nature, and do not take account of your personal objectives, financial situation and needs. Please consider whether it applies in your circumstances and seek professional advice wherever appropriate.