Major events and the Sydney property market
June 18, 2023
A number of factors influence how an economy and property market responds, from natural disasters to financial misconduct to political turmoil. When an event is
A number of factors influence how an economy and property market responds, from natural disasters to financial misconduct to political turmoil. When an event is
Sydney’s property values have increased 4.5% in the past three months since the 2022 downturn, with some suburbs beating last year’s prices and one setting another record.
The world’s wealthiest cities based on the fastest-growing millionaire populations are revealed in a new report by Henley & Partners. For compiling the list, more than 150,000 high-net-worth individuals (HNWIs) from 97 cities around the world were tracked.
Back in 1985, I began my real estate career working for one of Australia’s largest franchise groups on Bondi Beach. There were no billionaires sharing the sand and surf as there are today.
Amidst aggressive interest rate hikes by the Reserve Bank of Australia (RBA) over the past months, high-level inflation, as well as the ongoing impact of international conflicts, house prices have continued to rise for a fourth consecutive month over the May quarter, with prestige properties setting new records.
This year we have ex-pats, migration and a low dollar, and there are not many properties at the top end available for sale.
A trend that’s gaining traction this year is checkered and curvy interiors. Geometric patterns have been around for a long time and are timeless. You can play around with this trend and make it work for your home. You can make it look more modern or traditional with your color scheme and other things, like lighting and furniture.
Over the past three years, Sydney’s property market has taken us on a wild ride—surging highs, sharp falls, and an unexpected rebound. It begs the question: is this the new normal?
If you’re thinking about downsizing—or just exploring your options—I’m here to help when you’re ready.