The COVID-19 pandemic has significantly impacted the Sydney housing market – though not quite in the way many of us expected. Yes, it has always been difficult and costly to purchase a home in Sydney. But now, with the latest restrictions in place, properties are even harder to find and more expensive to obtain. If you must buy property during a COVID-19 lockdown, you’ll need to adopt a different and more sophisticated approach to what other buyers have done before.
Yes, there is COVID-19 – but what about the huge demographic shift from retiring Australian baby boomers and its impact on the Australian property market? Will it lead to the collapse of real estate prices?
Baby boomers have at times been equated with the elephant in the (property market) room. There have been widespread discussions about what may happen when this group sells properties in bulk.
Given that there are 5.3 million baby boomers expected to retire in the next 10-15 years, there should be an impact.
Is it a concern or more of an opportunity for property investors?
Let’s find out.
Bidding at auction is not for the fainthearted. Unless you are a regular buyer of properties, my advice is to hire a professional buyers agent in Sydney.
Auction sales for properties are fast-paced, nerve-racking, and peppered with many professionals who have one goal, and that’s to win the auction.
Chances are, you have been bidding at auctions roughly a hundred times less than any of the professionals.
Let me share with you some of my methods for winning auction sales.
In an article published at Domain, reporter Joanne Gambale asked me what real estate agents actually do. How useful are they when it comes to selling your home?
Perhaps you are wondering about this, too.
A real estate agent can make a big difference when selling your home. If you can sell your home at an acceptable price… a real estate agent can often sell it at a great price.
Why is that, I hear you ask?
Apartments make a great entry point into Sydney’s real estate market. As your original purchase or investment property, you will want a smaller apartment. That typically means a single or two bedrooms.
Which one offers the greater benefits?
Buying property at an auction gives you the opportunity to see other potential buyers and find out what price they’re prepared to pay for the same property.
However intimidating, auctions are a transparent selling method. If you know how to play your cards right, you can get the upper hand.
Let buying property at an auction work to your advantage.