Ray White Lane Cove

There is no doubt things have definitely slowed in some areas of Sydney. For many potential home seekers, this hasn’t necessarily correlated with an easier ride. Even with the current overall market ‘softening’, Lane Cove’s median house price is still an incredible $1.84m with dwelling values 40% higher than they were five years ago. After the astronomical growth Sydney experienced between 2012-17, which saw prices rise by a whopping 85%, even a modest price correction could be considered a ‘stark’ contrast. There are a few factors contributing to Sydney’s recent slowdown: • The tightening of lending criteria + affordability constraints (aftershocks of the royal commission) • Less investment activity • Weak household income growth • Potential increase of interest rates • An increase in the supply of properties for sale If you would like more information on your property’s value, call Pearl Todd today on 0410 470 107. Ray White Lane Cove have been awarded ‘Agency of the Year’ in Lane Cove and Lane Cove North for 2018. Pearl Todd - Senior Sales Executive What’s happening in our market?