The market has seen some real positive signs of improving over the past 30 days. This renewed confidence has been brought about through the Coalition winning the election, as we won’t see the radical property changes come into effect that Labour Party were suggesting.
This has given buyers and in particular investors confidence in this sector. The royal commission is in our review mirror and to help with peoples ability to improve their serviceability APRA is reducing the interest rate stretch test on people who want to get a loan down from 7%.
This mixed with a reduction in the cash rate to 1.25% are all good things to reinvigorate a less buoyant market.
I must caveat that there are still some head winds in our market in the eastern suburbs. Though there is a lot to help re stimulate things.
Over the last 30 days our auction success rate is up at 85%, we have seen an average of 504 buyers inspect our 28 opens per week. Email inquiry is up 17% for the same time last month.
It’s been a record-breaking year for Loan Market Double Bay, marked by growth, innovation, and national recognition, with over 330 clients supported, $350 million in loans settled, and a standout personal milestone for team leader Dan Pym, who has officially surpassed $1 billion in settled loans across his career. “This … Read more
In the Eastern Suburbs, long weekends are more than just a calendar break; they’re an opportunity to embrace the lifestyle this incredible pocket of Sydney is known for. But Easter isn’t just about slowing down. Plenty is happening across our neighbourhoods, from markets and seafood feasts to live music and … Read more