Hype

There’s always so much hype surrounding the property market but with the media’s coverage in overdrive it can cloud our view on how some suburbs are performing. As you have no doubt read and heard, many have predicted the Sydney property market will start, and has indeed begun to level out making it easier for first home buyers to enter the market. But is this really the case?

Kyle Brand from George Brand Real Estate says “The other night Channel 7 were reporting prices are sky high while Channel 9 the same evening had coverage of Sydney homes levelling out. Let’s be honest, this is confusing and it leaves buyers wondering what the property market really is doing.” Although the Sydney property market is often referred to as a whole, we need to take into account there are hundreds of suburbs within Sydney and the Central Coast and each is ultimately performing differently. Some are striving, some are just plotting along and some aren’t doing so well. Kyle says, “A good rule of thumb is to not only measure the suburbs success on its recent sales but consider statistics such as average days on market. These stats show a much clearer picture of which suburbs are performing well.

Our team can confidently say, the Avoca Beach, Copacabana, Kincumber and MacMasters Beach property market is still performing exceptionally well as we have already had a very strong start to the year with some fantastic sales. 120a The Round Dr, Avoca Beach sold on the weekend for $655,000 after the 1st Open House. Our team had 27 groups of buyers through the open house and received 4 offers. Very impressive stats and feedback that clearly shows people are very much still keen to buy in the Coast.