Welcome Fixed rate loans below 4% provide an incredible opportunity to make decisions today that could have a lasting positive effect on your future wealth. You might be surprised by your home’s value today and the new equity at hand, so please call us for a free noobligation appraisal.
The Local Market A critical shortage of quality homes for sale in our area has created a phenomenal window of opportunity for sellers today. People talk about record low interest rates having the biggest impact on property and of course they do have a positive effect. But low interest rates benefit every Australian market and right now Sydney is the only one booming, so there has to be other factors at play. One of them is unusually tight supply, which means more buyers are competing for fewer available homes. Interest rates won’t change quickly but supply can change virtually overnight.
John Paranchi T 02 9816 8110 M 0411 508 890 E johnparanchi@mcgrath.com.au
Remember the lesson of Spring 2014 when a flood of properties hit the market and clearance rates fell from
consistently above 80% to the low 70%-range purely due to the change in supply. I expect a similar experience this year so Winter is definitely the pick of the seasons to sell. Latest RP Data figures show Sydney’s median home values up 5.8% for the first quarter. The city also recorded its highest auction clearance rate ever on April 18 with 88% of 950 properties selling under the hammer. These astounding results indicate that Sydney is now at fever pitch. If you are considering selling, please call me for a free no-obligation appraisal on 0411 508 890.