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Christian Payne

Christian Payne

Director - General Manager  

Phone: 95440000

Nerrida Payne

Nerrida Payne

Director - Financial Controller 

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Sid Payne

Sid Payne

Director 

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Judy Payne

Judy Payne

Director 

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Ryan Clark

Ryan Clark

Operations Manager  

Mobile: 0406 252 655
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Helena  Pipic

Helena Pipic

Residential Sales & Marketing - 0499 480 444  

Phone: 9544 0000

Lexene David

Lexene David

Commercial Sales & Leasing Manager  

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Suzanne Boylan

Suzanne Boylan

Residential Sales Agent  

Mobile: 0413 678 226
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Bret Ransley

Bret Ransley

Residential Property Manager  

Phone: 9544 0000

Matilda Garling

Matilda Garling

Residential Property Officer  

Phone: 9544 0000

Kirsten Saxby

Kirsten Saxby

Front of House & Sales Administration  

Phone: 9544 0000

Lesley  Mckevett

Lesley Mckevett

Company Accounts  

Phone: 9544 0000

Jamie Vaughan

Jamie Vaughan

Residential Sales Assistant 

Phone: 9544 0000

NSW REAL ESTATE: PRICES EXPECTED TO ACCELERATE IN SYDNEY’S SPRING QUARTER

Wednesday 28 Sep 2016 - by Daily Telegraph

DEMAND for Sydney property is hotter than ever, with prices predicted to accelerate in the spring quarter.

Despite speculation of a looming crash or “bubble burst”, new data compiled by REA Group reveals demand is actually at its highest in three years and double the national average.

It comes as experts tip price growth will speed up in coming months.

REA Group chief economist Nerida Conisbee said ­despite cries of an apartment oversupply, Sydney’s market was facing a construction shortage long-term, both for units and houses.

“In August ­demand for property in Sydney rose 6.6 per cent compared to 2.6 per cent for the rest of the country,” Ms Conisbee said.

“We measure demand using overall listings versus the interest in a property and since we started the index in 2013 we’ve never seen ­demand for Sydney properties as high as it is.”

While the rest of the country was leaning towards more affordable favourites, Sydney’s fastest moving suburbs included blue ribbon patches Vaucluse, Woolloomooloo and Bellevue Hill.

“Three of the top 10 ­suburbs in highest demand are in the Central Coast and represent affordability but the other seven would be ­considered high-end areas.”

Auction clearance rates have also remained stronger than this time last year, with CoreLogic figures showing rates have been above 80 per cent for the past four weeks.

Last week 85.1 per cent of homes that were taken to the bidders sold — up dramatically from 70.7 per cent the same week last year.

In the eastern suburbs, Sydney’s most elite area, rates were at a whopping 94.2 per cent. CoreLogic head of ­research Cameron Kusher said with new listings still down by 20 per cent from this time last year, sellers had the upper hand.

SQM Research managing director Louis Christopher said Sydney doomsday market forecasts were “rubbish”.

Mr Christopher said Sydney saw a modest 2.8 per cent rise in property prices over the three months to June according to the latest ABS statistics. He thinks that the market was likely to rise at a faster pace from here.

“The affluent areas, including the eastern suburbs and inner west are doing particularly well,” he said.

“Our numbers are showing suburbs in some of those areas recording growth as much as 15 per cent.”

Aussie Home Loans founder John Symond, however, said while historically low ­interest rates were creating hot competition in some suburbs, he was concerned that some pockets of Sydney were facing an oversupply of units.

“It is unusual that there are areas of Sydney that are on fire with prices, while others are not travelling as fast.

“Those areas close to ­public transport and the CBD should continue to be resilient as younger people are seeking to live close to them.”

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