Alliance Real Estate

2020 finished very strongly in the local property market with house prices rising predominantly due to a shortage of properties on the market. The 1st quarter of 2021 is expected to continue to see strong price growth as demand outstrips supply. Freestanding family homes are by far the most in demand property type with villa homes the next most in demand. Demand is being driven mostly by young families looking to upsize and senior couples looking to downsize. With interest rates at historic lows and grants being provided for first home buyers we are expecting that this demand will continue well into 2021. We currently have a sellers’ market that is the best since mid-2017. For owners looking to make a move this is the best time to do it. Rental property supply has jumped up since October 2020, but strong rental prices are still being achieved especially for brand new or near new properties such as duplexes. The early part of a year traditionally sees a lot of movement in the rental market and we expect the same in 2021. Rental properties tend to settle down in number when school has started. Our experienced and successful team in both sales and property management are ready to assist you whenever you need. We wish everyone a safe and more prosperous 2021. 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 Executive Assistant Andrew Prodromou Director Rema Fakhoury Sales Consultant Tony Kalinderidis Sales Manager Dominika Antalfy Sales Consultant Rebecca Hughes Sales Support Haley O’Hara Sales Support