Alliance Real Estate

With lockdown being scaled back and Sydney moving to “near normal” times the local property market has gone through an extraordinary period. Overall, we saw unprecedented price growth across all our local suburbs with close to 20% increases across the board. This was fuelled predominately by 50% less homes listed for sale, easy access to home loan finance and growing buyer demand, especially from couples and families. Unlike previous booms driven by investors and developers, this boom has been what I call the “family boom”. COVID-19 has resulted in many families wanting to upsize and bring forward their dreams to find the ideal property on the back of easier access to finance. We are now in a situation where every one of our local suburbs has a median of over $1m with Milperra the last of our suburbs to join the club. As at mid-October 2021 we are starting to see the number of listed properties start to creep up to just over 100 properties. This is still lower than the same time in previous years. We do expect that this extra supply will still not meet the current buyer demand until early next year. 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. LIKE TO KNOWWHAT YOUR PROPERTY IS WORTH? Call us today on 9771 6115 for an obligation- free Market Appraisal. WELCOME Theo Kalinderidis Principal Jenny Fisher Executive Assistant Andrew Prodromou Director Tony Kalinderidis Sales Manager Rema Fakhoury Sales Consultant Dominika Antalfy Sales Consultant Rebecca Hughes Sales Support Haley O’Hara Sales Support