Greater Sydney is fast becoming a buyer’s market as per several studies and reports. This region is known for its future housing prospects and infrastructural development and falling property prices are giving a great chance to several buyer to snap up homes at lower prices, something that they would have been unable to do previously. This is expected to give the real estate market in Greater Sydney a higher fillip in the near future according to experts. This increase in demand and lower supply levels will subsequently increase prices again as opined by several experts in the market.
The southeast zone has been witnessing lowered prices for a long time now. In the year from July 2017, Sydney saw a drop in home values by 5.4% while it was around 2.4% in the southeast region of Greater Sydney as per reports. Experts have stated that this trend indicates that the southeast is still viable as a property market and demand is still on the higher side which indicates the lower price drop in comparison to Sydney proper. They also feel that there will always be interest in recent times for homes and units across some territories like Zetland and Rosebery which are seeing higher supply of housing units. These are some of the areas that are doing pretty well in the Greater Sydney housing market as per reports.
Other experts feel that first-time home buyers will continue to drive sales volumes and with slightly reducing prices, buyer interest will only go up over time.
