Economics 101 teaches us that with any market, the force of supply and demand have the biggest impact. Sure other factors come into play, however this is the biggest influence. Our property market continues to rise. Quite simply, demand is outstripping supply and significantly so. Buyer sentiment is strong both locally and from out of area buyers and there is not much on offer to satisfy the hungry appetites wanting to invest.
The recent lockdown extension in Greater Sydney and the Central Coat is also hampering buyers ability to come up and inspect property, therefore there may be a mad rush when restrictions lift. For now there is still huge demand and we are offering virtual inspections again as we did in 2020. Interesting times.
We’ve had some great results this week and there are a few lovely properties coming up!