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.
Insights from Elliott Placks, Managing Director & Principal, Ray White Double Bay Changes in policy always bring about new levels of uncertainty across the market. However, changes also make way for new opportunities; particularly for those who act strategically and not reactively. Last week’s federal budget introduced major changes to Negative Gearing benefits and Capital … […]
Following the recent Federal Budget announcements, we would like to provide a clear overview of what the proposed changes may mean for property owners, investors, owner occupiers, and renters moving forward. The 2026 Federal Budget introduced the most significant changes to property investment tax settings in decades. While the headlines have been dramatic, the reality is … […]