Starting 2024 Off With Excellence.

Welcome to 2024. This month has made a hot start to match sweltering January heat, with our performance setting the tone for a year of excellence. Four homes sold, 24 brand new properties for sale, and 11 rentals leased. Here’s how we’ve kicked off:

Our expanding work family welcomed three new people - as Alicia Nickolas (Sales Agent) brings a wealth of planning and development knowledge to the sales team, Sara Favorito (Brand and Marketing Manager) dives into a cutting edge brand strategy, and Jai Iscala (Graphic Designer) is the first designer on board with us, bringing true creative flair to our branding.

Sydney continued to be a market success - and it’s safe to say our property market has officially recovered from the impacts of 2022. New data shows Sydney house prices have more than doubled in the past decade - outperforming all other capital cities - with the possibility of doubling yet again in the next 10 years if 2023’s growth rate continues its trajectory.

The proof is always in the numbers - and never in the papers, with Sydney home values surging 10.2 per cent last year. That’s a major turnaround from the 5 per cent drop nationwide in the previous year, and a reminder that the data doesn’t lie, defying the loud forecasts of double-digit declines we were all waiting for.

Fine tuning the forecasts for 2024 - we have no doubt the shortage of dwellings both for sale and for rent is going to continue this year, particularly as population growth skyrockets. All big fours are forecasting Sydney property prices to lift somewhere between 4 and 7 per cent this year, and Oxford Economics Australia predicts Sydney prices will see a whopping 16 per cent increase over the next three years. 

Interest rates are going to come back down - with pricing shifts likely to be bolstered by the cuts expected to happen later this year, increasing shortages of stock, and demand fundamentals remaining very strong.

Units are expected to significantly outpace houses - when it comes to price growth, with a 23% rise predicted over the next three years thanks to reduced borrowing capacity pushing many to seek cheaper housing options.

Tax cuts may boost the demand for premium properties - and although they’re unlikely to fuel sharp price gains, they’re likely to positively affect buyer sentiment and reduce distressed sales, while creating greater demand for high end homes as higher income earners try to minimise their tax through negative gearing.

Are you ready to take advantage of the market this year? We’ll show you how. Let’s get talking.