Concord Property Report

WELCOME The landscape of the property market has shifted rapidly, surprising even veteran real estate pundits with it’s vigour! With less than a third of the year gone, the Sydney housing market has notched up a gain of 7.5% and is headed for double digit capital growth this year. As was expected, the Reserve Bank of Australia held the cash rate at 0.1 of a percentage point in April. Everyone is certainly keeping a watchful eye on things like continued lockdowns, disappearing safety nets, the slow vaccination roll-out and employment rates but it’s fair to say that holding the cash rate stabilises consumer confidence, and confident people continue to buy and sell in the property market. The resurgence of buyer interest has meant that auction clearance rates have consistently been in the high 70% - 80% range, a clear signal there are more buyers than there are sellers and this always leads to higher property prices. If you’re thinking about making a move, we pride ourselves on expert marketing and a comprehensive range of professional property services, be they residential or commercial sales, project marketing, property management and auctioneering. We would be delighted to provide you with an obligation-free market appraisal – get in touch today. Matt Roffe / Director & Sales Manager