PK’s Sydney Property Market Update

August 2017

1. PK’s Sydney Property Market Update August 2017
2. PK’s Sydney Property Market Predictions
3. PK’s Hot Property Tip

PK’s Sydney Property Market Update August 2017

Spring Market will be Fast and Hot

While everyone has been sunning themselves in the Greek Islands, or maybe getting in a few turns down the snow, PK Property has been pushing on the last four weeks, racking up over $30 Million in purchases/sales for our clients.

The appetite to find the new family home or investment property has been strong because once again stock is at critical lows, and the demand is far outweighing the supply.

Sure it will get better come Spring time, but we are looking at the same stock levels as the last two years, and I believe a lot more people wanting to buy. Therefore, I see strong competition in certain areas and certain price ranges, right up until Christmas now.

We have seen Auction clearance rates slowly climbing back over the last four weeks, and I believe they will rise even higher over the coming months.

We won’t see the capital gains that we have seen over the last three years, but we will see some solid gains moving forward till Christmas.

PK’s Sydney Property Market Video Update August 2017

PK’s Property Market Predictions

If you think this market is going to go down in any hurry think again. This is not the time to be second guessing the market. This is the time to buy.

PK’s Hot Tip

When bidding at auction, make sure your bids are delivered confidently and quickly, so the competition think that you are there to buy it at any price. If you are not confident to bid on your own, or need anonymity, one of our Buyer’s Agents will bid for you for just $550.00.

If you would like to receive PK’s Sydney Property Market updates, hot investment tips and much more please subscribe here. Or call one of our buyers agents today on (+61) 2 9960-1066 or email us so we can help you find your next dream home or investment property for the lowest possible purchase price.

Also don’t forget PK’s 2 min video tutorials on youtube showing you hot tips and negotiating tricks of the trade.

PK’s Sydney Property Market Update

July 2017
1. PK’s Sydney Property Market Update July 2017
2. PK’s Sydney Property Market Predictions
3. PK’s Hot Property Tip

PK’s Sydney Property Market Update July 2017

Winter Market Might Be The Time To Buy

With everyone grabbing some Summer rays in different parts of the world, some buyers are back in Sydney grabbing a few bargains here and there.

Trust me they are here and there, and it’s not that the market has really dropped much, but more-so that the competition seem to be hibernating for Winter.

As we edge closer to Spring, I am hearing that stock levels are still going to be extremely low, therefore I believe prices will kick up again.

I think the market has stabilised in some pockets, but in other areas it is still highly competitive. The Northern Districts, Upper North Shore, Palm Beach down to Collaroy, and Western Suburbs areas seem to have softened.

PK’s Sydney Property Market Video Update July 2017

PK’s Property Market Predictions

As mentioned above, the market is very much driven at present by stock levels, and for the past five years they have been horrible. Do I see them getting any better? I am afraid not. So my prediction is that it will be a very fast Spring, and that prices will rise again as we come out of a long cold Winter.

PK’s Hot Tip

Don’t wait till Spring to buy. You could be very disappointed with stock levels and think that you are going to get a great spread of property, but I don’t think that will be the case.

If you would like to receive PK’s Sydney Property Market updates, hot investment tips and much more please subscribe here. Or call one of our buyers agents today on (+61) 2 9960-1066 or email us so we can help you find your next dream home or investment property for the lowest possible purchase price.

Also don’t forget PK’s 2 min video tutorials on youtube showing you hot tips and negotiating tricks of the trade.

PK’s Sydney Property Market Update

June 2017
1. PK’s Sydney Property Market Update June 2017
2. PK’s Sydney Property Market Predictions
3. PK’s Hot Property Tip

PK’s Sydney Property Market Update June 2017

Agents still reporting low stock levels

Well we are half way through the year and into the first month of winter now, and not much has changed on the stock side.

It’s a little to early to say what the levels of new stock will be like come spring time, but the murmurs in the background are that it’s going to be tight.

The stock on the Upper North Shore of Sydney has loosened up a bit, but traditionally winter is not the vendor’s favourite time to sell up there, so I think that will tighten up again.

Auction clearance rates are sitting around 76 percent at present Sydney wide, but when you drill down into the data, certain areas like Northern Beaches, Inner West, Lower North Shore and Eastern Suburbs clearance rates are sometimes hitting well over 80 percent.

Open for inspection numbers have dropped on the compromised property ie. properties on main roads, properties that need a lot of renovation, properties that have certain problems that can’t be fixed, be it restricted views, caveats, and are generally not desirable to a vast majority of buyers. These sorts of properties sell in a boom market at a great price, and in a soft market at a compromised price.

PK’s Sydney Property Market Video Update June 2017

PK’s Property Market Predictions

I am tipping we will be in for a pretty fast market till Christmas as stock levels look as though they are going to be pretty low. If a whole heap of stock comes on in spring it might soften a little, but if stock doesn’t come on it will kick up again. It’s up to you if you want to roll the dice or not.

PK’s Hot Tip

Please understand, and be very careful when the media give an overview of the market in 350 words in the newspaper or online as it is an overview of the whole market. You need to look at your specific area and the product you are buying to see if those particular properties are moving forward, sideways or backwards. Don’t be fooled to think the whole market is softening from one headline in the paper as you will pay for that dearly in the future.

If you would like to receive PK’s Sydney Property Market updates, hot investment tips and much more please subscribe here. Or call one of our buyers agents today on (+61) 2 9960-1066 or email us so we can help you find your next dream home or investment property for the lowest possible purchase price.

Also don’t forget PK’s 2 min video tutorials on youtube showing you hot tips and negotiating tricks of the trade.

PK’s Sydney Property Market Update

May 2017
1. PK’s Sydney Property Market Update May 2017
2. PK’s Sydney Property Market Predictions for 2017
3. PK’s Hot Property Tip

PK’s Sydney Property Market Update May 2017

Boring! Boring! not much has changed

Well Easter has been and gone, and unfortunately stock levels are still pretty tight.

The main problem we have at the moment is that no one is prepared to sell before they buy, in fear of being locked out of the market because of extremely low stock levels. So it becomes a Mexican standoff and therefore no one does anything.

Coming into Winter soon unfortunately decreases stock rather than increases it, so I am tipping it’s going to be a market that holds fairly strong through these winter months.

As per normal we see an increase in stock come spring, but what i have seen over the last few years is not enough to satisfy the backlog of buyers from winter. So all in all I suggest if you see something you like buy it.

Please note: Most of the properties I am delivering to clients at present are what we call off- market properties, silent sale properties not advertised to the general public.  The great advantage to this is that in most cases you have no competition. Give us a call today on 9960-1066 to register for these properties.

PK’s Sydney Property Market Video Update May 2017

PK’s Property Market Predictions

If you think this market is going to go down in any hurry think again. This is not the time to be second guessing the market this is the time to buy.

PK’s Hot Tip

Never be afraid to put an offer in before auction, even if the agent is deterring you from doing so. Remember you are the one with the money and you will spend it how you see fit.

If you would like to receive PK’s Sydney Property Market updates, hot investment tips and much more please subscribe here. Or call one of our buyers agents today on (+61) 2 9960-1066 or email us so we can help you find your next dream home or investment property for the lowest possible purchase price.

Also don’t forget PK’s 2 min video tutorials on youtube showing you hot tips and negotiating tricks of the trade.

PK’s Sydney Property Market Update

April 2017
1. PK’s Sydney Property Market Update April 2017
2. PK’s Sydney Property Market Predictions for 2017
3. PK’s Hot Property Tip

PK’s Sydney Property Market Update April 2017

A Bit Boring Same Old Same Old 

Well April is upon us and the stock levels have increased a little bit, but not much. Auction clearance rates are hovering around 80% each week, and agents are reporting that there is a bit more property coming on after Easter but not a lot.

In the office we are purchasing properties off market all the time, our latest was 2/120 Ben Boyd Rd Neutral bay a great town home last week for $2,875,000.

So what will make a lot more property come on the market. Well it’s only going to be high interest rates, high unemployment, which doesn’t look like is going to happen anytime in the near future.

So for the meantime steady as she goes in the property market until the next run of property hits the market after Easter.

PK’s Sydney Property Market Video Update April 2017

PK’s Property Market Predictions

If you think this market is going to go down in any hurry think again. This is not the time to be second guessing the market this is the time to buy.

PK’s Hot Tip

One of the advantages we are giving our clients at present is the opportunity for us to find them silent sales, that is properties off market not advertised. If you would like to have an edge in this current market feel free to give one of our buyers agents a call today on 99601066.

If you would like to receive PK’s Sydney Property Market updates, hot investment tips and much more please subscribe here. Or call one of our buyers agents today on (+61) 2 9960-1066 or email us so we can help you find your next dream home or investment property for the lowest possible purchase price.

Also don’t forget PK’s 2 min video tutorials on youtube showing you hot tips and negotiating tricks of the trade.

PK’s Sydney Property Market Update

March 2017
1. PK’s Sydney Property Market Update March 2017
2. PK’s Sydney Property Market Predictions for 2017
3. PK’s Hot Property Tip

PK’s Sydney Property Market Update March 2017

Market tipped to be strong all Year

Well it’s a new year and I wanted to wait a few months before writing this property update to see if anything had changed much from the end of last year. Well unfortunately it hasn’t the stock levels are just the same if not worse in some areas inclusive of the northern beaches, lower and upper north shore, inner west and northern beaches. The eastern suburbs has loosened up a little but not a lot.

The main problem we have at the moment is that no one is prepared to sell before they buy in fear of being locked out of the market because of extremely low stock levels. So it becomes a Mexican standoff and therefore no one does anything.

The only good thing about these stock levels being so low, is that it is keeping up the prices for sellers.
Do I see any reprieve to this situation in the short term unfortunately no.

The agents are calling this the new market moving forward, and are now using the analogy of the only people that are really selling are the DDD clients. And that means the only people that are selling are downsizers, the divorced and the deceased.

The only things that are going to shift this market is a sharp rise in unemployment, a sharp rise in interest rates, or a huge global unsettlement.

Please note that all of the above is not what we want to happen just so that we can buy a cheaper house or find our dream home, as these ramifications put people in extreme financial difficulty. If this supply and demand factor continues in 2017 which I believe it will we will be looking at the same price increases as 2016.

Most of the properties I am delivering to clients at present are what we call off- market properties, silent sale properties not advertised to the general public.  The great advantage to this is that in most cases you have no competition.

The main problem we have at the moment is that there is just not enough stock to quench buyer demand. Will this change in the short term, my answer is no, and unfortunately I am hearing the same story from agents.

PK’s Sydney Property Market Video Update March 2017

PK’s Property Market Predictions

If you think this market is going to go down in any hurry think again. This is not the time to be second guessing the market this is the time to buy.

PK’s Hot Tip

One of the advantages we are giving our clients at present is the opportunity for us to find them silent sales, that is properties off market not advertised. If you would like to have an edge in this current market feel free to give one of our buyers agents a call today on 99601066.

If you would like to receive PK’s Sydney Property Market updates, hot investment tips and much more please subscribe here. Or call one of our buyers agents today on (+61) 2 9960-1066 or email us so we can help you find your next dream home or investment property for the lowest possible purchase price.

Also don’t forget PK’s 2 min video tutorials on youtube showing you hot tips and negotiating tricks of the trade.

Socialise

PK’s Sydney Property Market Update

September 2016

1. PK’s Sydney Property Market Update September 2016
2. PK’s Sydney Property Market Predictions for 2016
3. PK’s Hot Property Tip
 

Peter Kelaher
Managing Director

PK’s Sydney Property Market Update September 2016

Market Strong right up until Christmas and into 2017

Well everyone we are entering full blown spring selling season soon and unfortunately agents are still reporting a lack of stock close to 40 percent less than this time last year. That’s the bad news, but the good news is if your selling, prices are holding up very well with auction clearance rates around 85%.
 
I do believe the Sydney property market is going to be strong right through spring and into 2017, and the biggest complaint I am hearing from all parties at present is that same old, same old, no good quality stock available.
 
With record low interest rates, and maybe even some more cuts to come I think its safe to say that this lower interest rate environment could be around for at least another two years, maybe more.
 
The reason stock levels are so low is because no one can find anything to buy, and therefore vendors don’t want to be stuck out in the cold in a moving market. I am noticing more people going into bridging loans and buying first, because they know they can sell their property.
 
So if you’re waiting for the market to come down before you buy your new dream home, I would suggest you don’t wait any longer and get out there and purchase. With interest rates this low why would you bother about renting.

PK’s Sydney Property Market Video Update September 2016

PK’s Property Market Predictions

Spring will be a hot market and I believe that things will continue right up until next winter 2017, so as I said above don’t wait get out there and buy.

PK’s Hot Tip

One of the advantages we are giving our clients at present is the opportunity for us to find them silent sales, that is properties off market not advertised. If you would like to have an edge in this current market feel free to give one of our buyers agents a call today on 99601066.
 
 

If you would like to receive PK’s Sydney Property Market updates, hot investment tips and much more please subscribe here.Or call one of our buyers agents today on (+61) 2 9960-1066 or email us so we can help you find your next dream home or investment property for the lowest possible purchase price.

Also don’t forget PK’s 2 min video tutorials on youtube showing you hot tips and negotiating tricks of the trade.