Just when everyone thought the Sydney property bubble would burst, people are continuing to head down in droves to get their hands on some of Sydney’s most popular and prestigious Eastern Suburbs, so much so that there is not even enough property on the market to satisfy demand! Auction after auction, homes are being snapped up, each selling higher than the last. Week after week, the Eastern Suburbs have led the way in auction clearances nudging 80 to 90 per cent since the residential boom started in 2012.
It’s not unexpected. Homebuyers are increasingly choosing location over size, aiming to buy in areas that offer proximity to jobs and the center, and good schools. Those who want houses and gardens are either paying a major premium to be in the East or going to the outskirts of Sydney, and those who want proximity to jobs are moving into apartments.” Eastern Suburbs are and always will be the place to be says Elliot Placks Director at RWDB.
The rental landscape is set to shift in 2025 with new legislative changes to create a fairer and more transparent framework for tenants and landlords alike. These updates will affect rent increases, tenancy agreements, notice periods, pet ownership, and rent payment methods. Here’s what you need to know: Rent Increases … Read more
“It’s not going to come easy but I can tell you one thing, it’s very very rewarding.” Associate Director at Ray White Double Bay, Alan shares his real estate journey – from early days to the pivotal moments that shaped his journey to success.