17 September 2021

Spring has sprung! What does this mean for the realestate market?

Spring has sprung! We are now entering the season which commonly sees an increase of properties on the market as people look to settle into new homes that fit their lifestyle needs for the summer.

With no international travel, greater flexibility around working arrangements and the avoidance of crowded inner-city areas have driven many Sydney-siders South as they place a higher priority on finding a home that offers a high-quality lifestyle. This particularly includes waterfront homes and properties with a home office, a pool or that are close to beaches, to enjoy the benefits that this type of lifestyle reaps. Perhaps a quick dip in the summer heat during their work break.

Whilst working from home is a common reality in this current climate, a connection to work is still valued as the possibly of going back into work becomes more likely. Future planning of the new F6 Motorway/SouthConnex (subject to RMS and State Govt approval) accommodates to this, making the Sutherland Shire a hot destination for buyers to meet their lifestyle needs with only an approx. 15-20 minute travel time to the CBD.

This time last year the Sutherland Shire had approximately 1200 homes on the market and now there is only around 500. This combined with a surplus of buyers continues to drive sale prices, making this Spring the perfect time to list your home or investment.

The RBA has held the cash rate at 0.10% for the month of September.

The market has shown resilience in this current lockdown with property sales falling only 3.7% (compared to a huge 37% in 2020) which proves a confidence in the market and the expectation of a strong recovery to follow upon Sydney reopening.

If you are thinking of selling or would like a confidential discussion on your property’s current value, please don’t hesitate to contact us anytime.