Sydney buyers holding the upper hand
An exodus of property investors from the Sydney market has shifted the balance towards buyers for the first since real estate values soared in the city.
Sydney property investors are selling more than they are buying. (Image source: Shutterstock.com)
House values rose again, albeit slightly, in February
and once again certain commentators who voiced doom and gloom price forecasts in pursuit of a headline following the previous month’s minor drop have been left with egg on their faces.The dynamics of supply and demand are once again instructive. It’s economics 101.
Nevertheless, there’s no price heat in the market at present. Buyers are aware that, in many cases, they are holding the cards,…
