Sydney’s Property Market Turns, Favours the Buyers

News reports say Sydney is nearing the point of the property cycle where after years as a sellers’ market, it’s becoming a buyers’ market. The shift to the buyer’s favour comes because there’s plenty of stock for sale, accompanied by a flailing auction success rate, and vendors prepared to drop their prices to secure their sale.

Last month Sydney property values sat in negative annual growth territory, according to CoreLogic, albeit down 3.4 per cent after around 75 per cent growth since 2012. Cooley Auctions’ auctioneer Damien Cooley recently suggested a healthy auction market, where both sellers and buyers had equal bargaining positions, was between 50 per cent and 60 per cent. That’s where the market currently sits. Cooley suggests it becomes a buyers’ markets when clearance rates become less than 50 per cent.

Rather than being the price leader, Australia’s largest and most expensive property market has suddenly become a price laggard. Prices are falling, in contrast to what’s being seen in most other parts of the country. Affordability constraints, tighter lending standards, reduced interest from local and foreign investors, along with increased supply hitting the Sydney market, have all contributed to what has been a sharp reversal of the trends of recent years.

Property buyers who are looking in the Sydney real estate market will find Albion Avenue provide quality advice based on unbiased, independent research and years of experience closing deals. For those in the market for the first time or looking for another home their advice will ensure they find a property that comes within budget and meets all requirements. They are 100% focused on representing buyers and giving them the strategic upper hand that will ensure they secure the right property at the best price and on the best terms.

Albion Avenue will ensure buyers have access to the best value properties where a long-term approach will deliver them results. They negotiate on the buyers’ behalf, seeking the best price and terms and handling the transaction as if they were securing the property for themselves.

Albion Avenue can help clients looking to buy property all over Sydney, whether in Manly on the northern beaches, Millers Point on the edge of the CBD, Surry Hills in the inner east or somewhere else. For would be property buyers, Albion Avenue can assess a property, negotiate price and terms and make sure the deal is closed. For sellers who need to sell before they buy their next property, they provide unbiased and independent advice to get the best possible sale result. Their mission is to help people have the best possible property experience.

For more information on Sydney buyers agent , Property buyers agents, Buyer advisory packages and more call 1300 723812 or visit http://www.albionavenue.com.au/

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