Market Wrap - 25 November 2021

Market Wrap - 25 November 2021
  • This week saw 6 Park Street, Rozelle ($1,760,000) change hands after 14 days on market - congratulations to the owner and purchaser.
  • Sydney house prices are expected to peak next year then fall by up to 10 percent as the market finally swings in favour of buyers, according to AMP Chief Economist Shane Oliver. It comes as sellers rush to cash in on the current property boom. Discover more.
  • This week Harris Partners' Peter O'Malley sat down with Chris Smith on the 2GB Open House segment to discuss the rebound in the rental market, the return of investors, and the shift from capital growth to high yield properties. Listen on Youtube, or via Podcast.
  • First-home buyers will struggle to get into the housing market even as wages improve and house prices slow because house prices are still set to grow faster than wages next year, economists warn. Read more.
  • Homebuyers looking to get into Australia’s pricey property market would need to save more than a year’s pay to scrape together a deposit on a house in any capital city, with deposits in some locations costing up to three times annual incomes. Find out more.
  • A new product has hit the market that could see property investors across Australia able to get detailed comparative information about suburbs before they buy. Residz, a project from geographical analysis firm Mapcite, can give background details on any address in Australia. Learn more.
  • How Important is a Good Internet Strategy when selling? Real estate agents have been using the internet in different ways to attract maximum benefit for themselves and their clients. As a consumer, you may also wonder exactly what impact the internet has had on real estate marketing. Read on to learn more about effective internet advertising for your home.