State of the Market

Floods, interest rates, pandemics and federal elections – they all have an impact on the property market, and each of these issues is squarely in the spotlight as we conclude the first quarter of 2022.

So what’s likely to happen next? Will the incredible price rises and high demand for properties continue? Or has the market peaked? And if so, what’s the outlook for the months ahead?

The first quarter of 2022 has continued to show strong demand in our area with Sydney migrants still the most competitive buyers in terms of budgets.  However there are more properties to choose from and less frenzy with office work and overseas travel returning. As such buyers are more fussy and willing to wait to seek out that property that ticks all their boxes.

For the good properties this means prices are still as high as ever and for the rest it’s a more challenging environment to get that premium price.