Insider talk?

Discussion in 'Property Market Economics' started by New2prop, 20th Jul, 2017.

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  1. New2prop

    New2prop Well-Known Member

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    I am curious to know what insider talk is taking place at Real estate agents and Buyers agents, regarding the slowness in the Sydney market and the long periods to offload property.

    Any thoughts?
     
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Slow?

    compared to what season ?

    I understand there is a vacuum forming between what sellers want and buyers will pay............ but dunno its that slow in many areas we do finance in

    ta
    rolf
     
    Stoffo likes this.
  3. Stoffo

    Stoffo Well-Known Member

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    Same opinion as @Rolf Latham

    Keep in mind it is winter, the market slows anyway ;)

    Just got to hang on for another 10 weeks until the market picks up again (with better weather and consumer confidence):D
     
  4. Biz

    Biz Well-Known Member

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    Slow? You haven't seen slow yet.
     
  5. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    Slow? huh :confused:
    Not where we are buying. Prices still rising (albeit at a slower pace than before), buyer demand still exceeding supply, but at least starting to be possible to buy prior to auction on occasion.
     
  6. Antoni0

    Antoni0 Well-Known Member

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    Hurry or you'll miss out on the bargain of the century, only one left in the suburbs. Lol!
     
  7. New2prop

    New2prop Well-Known Member

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    Interesting to see your views. My perception was things were slowing in terms of stocks moving and there are more sales in some regions probably to cash in before further slowing.

    What's a good source to compare listing numbers year on year, and time on market?
     
  8. Antoni0

    Antoni0 Well-Known Member

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    Sales people are always going to tell you this, it's the second rule of fight club.
     
  9. Biz

    Biz Well-Known Member

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    It's slower than it was but still far from "slow". Rates are still at all time lows or there abouts, people who are realistic are still selling in a reasonable time frame.

    It's like when people complain about how bad the economy is... we've had 25 years of growth, there is a generation of people who don't know what hard times even are.
     
  10. Jacque

    Jacque Well-Known Member Premium Member

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    Ummm not sure where you mean exactly in Sydney? At least not in the suburbs we work in.... certainly a bit of a small cool down in some price and area segments but overall it's still a pretty healthy market out there :D
     
  11. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    LOL there is a house across the road from my PPOR just sold for 1.6 million straight after first open home. No slow in Sydney at all.

    Even Mt Druitt selling like hotcakes.