Belle Property Beecroft

LOOKING FORWARD • Changes in personal circumstances will impact buying and selling patterns. • Lack of confidence in the share market means property is considered a safer bet in the long run. • 2119 as a market remains fairly stable compared to other areas of Sydney - schools, transport links and lifestyle aspects make buying property in 2119 an attractive investment option. • Despite dire media predictions the pandemic has so far had a relatively minor impact on the North West property market. • Steadily increasing stock levels - sellers who had held off by choice during Covid-19 are no longer willing to put plans on hold indefinitely and want to move forward. • Uncertainty around finance, loan servicing and job security will mean fewer buyers on each property but those buyers will be motivated and active. • Market instability will flow through to less predictable outcomes on each property. • Post-pandemic socio-economic effects will impact buyers and sellers. We are already seeing a change in buyer requirements following lockdown. Supply will also be driven by changed financial circumstances.