Alliance Real Estate

The first quarter of 2022 still produced a strong number of sales and some very good prices and records as well. However, as has been widely reported in the press, the Sydney property market boom has ended, and we are currently in a position of a stable market. We expect that property prices will continue to hold until at least 30 June 2022. One of the main reasons we had a boom in 2020 to 2021 is because there were very low numbers of properties on the market and very low interest rates. What we are witnessing now is an increase in property supply and an expected increase in interest rates after June 2022 and potentially more increases before the end of the year. If this occurs, then buyer numbers will be reduced and the buyers that are left will have more choice based on increased property supply. There is still opportunity for owners to secure strong results for properties that come on the market over the next three months. Presentation of the property and the sales strategy are critical, we can assist you with a plan to achieve the very best result. On the rental front we are seeing the supply number of available rentals dropping to all time lows which is positive for landlords to lease properties out faster and to achieve strong rental returns. However, those properties that have the comforts of air-conditioning, dishwashers etc and overall good presentation typically also achieve the best rental returns Should you wish to know what your home might be worth for rent or for sale then please call our large, very experienced, and successful team to assist you. We look forward to hearing from you soon. WELCOME LIKE TO KNOW WHAT YOUR PROPERTY IS WORTH? Call us today on 9771 6115 for an obligation-free Market Appraisal. Theo Kalinderidis Principal Jenny Fisher Sales Consultant Andrew Prodromou Director Tony Kalinderidis Sales Manager Rema Fakhoury Sales Consultant Domi Antalfy Sales Consultant Trang Lazcano Sales Consultant Haley O’Hara Sales Support Rebecca Hughes Sales Support