Belle Property Lindfield

As we enter the second half of 2019, it’s an ideal time to look back on the last few months and reflect on the results we’ve achieved for our clients, as well as the state of the property market across the board. Commentators have declared that the market is in a state of recovery with property prices increasing in many Sydney suburbs. In the aftermath of the federal election, buyer confidence is growing and the outlook is becoming clearer. In particular, the election of a Coalition government means no changes to negative gearing or capital tax gains – a policy stability which is likely to be good news for anyone wanting to sell their home. Market uncertainty seemed to diminish in late May following the election and this renewed positivity has been further fuelled by falling interest rates. Stock levels have been tight during the first six months of 2019 resulting in more competition for the homes currently for sale. Auction results have reflected this shift in the market with encouraging recent clearance rates in excess of 70%. Moving forward into the remainder of the year, all signs point upward for the Upper North Shore. A transitioning market presents as the ideal time for families to upgrade their existing home by saving a larger percentage on the greater purchase price. We expect the traditional influx of stock as the weather warms up in September, October and November and are advising our clients to be prepared if making a move is on their agenda this year. Strategically, selling your existing home at the end of Winter with less competition can allow you to be in a strong negotiating position to secure your dream home in Spring. Geoff Dean | Principal geoff.dean@belleproperty.com 0404 016 015 Belle Property Lindfield 3 Tryon Place, Lindfield NSW 2070 | (02) 9416 6999 | belleproperty.com/lindfield A message from Geoff