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Tracey's Property News

The Impact of COVID-19 on Sydney’s Property Market

impact of COVID-19 on Sydney property market

COVID-19 has put a damper on what would have otherwise been a big year for Sydney’s property market. Before the pandemic hit, the real estate industry was on its way to recovery following a disappointing 2019. Forecasters even predicted a 10% growth for the market.

But everything changed as soon as the coronavirus broke out. With the Australian economy struggling, all projections for the industry had to be recalibrated. As bad as things may seem for Sydney’s property market, there’s still a silver lining.

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How to Buy Sydney Property during COVID-19

Sydney property in the eastern suburbs

The ongoing COVID-19 global pandemic has made it a lot harder to Aussies to buy Sydney property these days. People are having a difficult time searching for or buying properties themselves because of the threat of the virus.

If you’re looking to buy in the current market, now’s the best time to hire a Buyer’s Agent. A professional buyer can help you find listings that aren’t readily available to the public. They can also inspect and evaluate the property for you, so you won’t have to expose yourself to the virus by going outdoors.

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Do I need annual pest inspections for my investment properties?

Pest control inspection

A pest control inspection holds a lot of merit. You can easily increase or decrease the value of a property depending on how well you were able to take care of an infestation.

Unfortunately, not all property owners appreciate the importance of maintaining regular pest control. They don’t know whether their home needs to have an annual or biannual inspection, or if they can do it quarterly or half-yearly. This is exactly where an expert’s advice would come in handy.

Learn more about the value of pest control inspection in our latest article. Find out whether your investment property would benefit from a yearly checkup.

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Attending An Open House Without Your Buyers Agent?

Family attends open house without buyers agent

After searching properties and compiling a master list of every property you like, is it ok to attend an open house without a buyers agent?

If you happen to happen upon an open house and you don’t have your buyer’s agent with you, there is nothing wrong with stopping in to take a peek.

But there are a few things you want to be sure to do and some you definitely should avoid.

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My Methods For Winning Auction Sales

How to win auction sales

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. 

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What reduces home prices for first-time buyers?

first time home buyers

Australian house prices are on the rise again. 

As a first-time home buyer, you may be wondering how you can break into the Australian housing market. 

Can you really buy a home without trading off the quality and location of the property? Is it even possible to get your first home at a discounted price?

Yes, it is possible. And there are elements that can reduce home prices for first-time buyers like yourself. If you want to finally stop renting, mull over the points I am going to share with you now. 

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Is a Real Estate Agent Actually Useful When Selling My Home?

real estate agent

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?

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Here’s Why it’s Better to Buy a Two-Bedroom Apartment in Sydney

two bedroom apartment in Sydney

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?

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