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Your Exclusive Buyers Agent – Specialising in Sydney’s Eastern Suburbs, Lower North Shore and Inner West

After Australia’s worst property slump in a generation, the latest market data analysis heralds good news: the property market decline is now easing up. Even better is that according to the latest Property Pulse report from CoreLogic, recovery is going to be fast for the top end of the market. In a report by Sasha…

In an article on ABC news, business reporter David Chau turns his attention to Australia’s housing market. According to the latest Demographia rankings, Sydney is the second most expensive property market in the world. But a local Australian housing market expert disagrees.

“Location, location, location” may be the undisputed mantra of real estate everywhere. But if Carolyn Cummins’ piece on the state of Sydney’s market is anything to go by, “timing, timing, timing” is equally appropriate. In her recent report for MSN.com, she points out that “The appreciating dollar and new taxes have not deterred overseas investors…
The real estate industry is a competitive field. To stand out, businesses employ different marketing strategies to entice more buyers to purchase a property. And it’s probably because of this, that some businesses end up walking a fine line between promoting their properties and spruiking them.
To say that Sydney’s rental market has exploded in recent years is an understatement. Demand remains high, despite the number of rental properties increasing by over 800 percent since 2010—which would normally prompt prices to drop. But what’s the real reason behind Sydney’s ability to defy the laws of real estate supply and demand?
There has been a lot of talk in the real estate industry lately about a few agencies deliberately under-quoting potential buyers. But just how prevalent is this illegal technique and how does it affect you?