In the first half of 2016, conditions for growth had actually moderated, which you’d expect after a long boom period in Sydney. But the market effectively found a second wind which was further propelled by a severe lack of stock. These conditions are now carrying over into 2017, with Sydney’s annual rate of growth now at its highest point in 15 years.

So, autumn presents a phenomenal time to sell but some vendors continue to find it hard to buy back in. It’s a significant dilemma. The biggest winners of this current market will be sellers who are relocating elsewhere, such as coastal and lifestyle areas where market conditions are far more normal. If you’re considering a sea change or relocation, you couldn’t ask for a better time to make that move and fully capitalise on what is now a five year boom in Sydney real estate.

Architecturally crafted for enhanced functionality, this ultra-contemporary home set on 793sqm reveals spacious casual and formal entertaining areas with dual outdoor flow to a wonderfully private entertaining sanctuary. Close to Mosman Village, quality schools, cafés and bus/ferry transport. 

Sydney’s Lower North Shore is certainly off to a flying start this autumn season. The first two big auction Saturdays of the year ‘February 18 and 25’ yielded clearance rates around the 80% mark, despite a very high number of properties going to auction. This certainly indicates buyer demand is still incredibly strong and in anyone’s language, these are impressive rates of sale.

In our opinion, there’s certainly much more to come. March is typically the month with the highest number of auctions in the autumn season. As per usual at this time of year, new stock is coming onto the market however there are still not enough homes available for sale to meet demand and that means inevitable price increases.

The team at McGrath is committed to a number of key values around which every decision is made; integrity, passion, process, excellence and community. These are embedded in everything McGrath undertakes.

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