Six Sales to Spark the Year.

January came and went in a flurry of activity that set us off on an excellent start to the year. 

Our sales listings so far have drawn buyers with a range of budgets, and the diversity on the playing field means we’ve made more successful deals for people, selling six properties both on and off market, in the first month of 2021.

We know that lifestyle has been a dominant factor in buyer's decisions over the last year, and this is a trend that will continue. Many from outside the local area are considering Concord for its ample green space, facilities, and large land parcels, which really has the ability to propel the suburb’s prestige even further.

Sales

The stats are in. Domain has reported house prices have hit a record high nationally, with the median house price in Sydney now at an all-time peak of $1,211,488. 

Nationally, median house prices grew 4.1% over the December quarter which is the steepest quarterly jump in four years, signalling positive growth this year. The RBA has made some predictions on where values could go, stating an increase of up to 30% nationally could occur within a quick, three year period thanks to buyer views that low interest rates will be around for a while.

We also know that attendance rates at Sydney open home inspections are peaking, currently 35.7% higher than they were this time last year, and the correlation between buyer activity and sales results is an intrinsic one.

Rentals

It just may be the year of the rental. The latest rental data from CoreLogic confirms the performance results we’ve seen in our office, with rents increasing nationally by 0.6%. 

This movement is a welcome bounceback for the rental market after a tough year in 2020, and the demand for rental properties is undoubted in our local areas - applications are submitted for our newly available properties almost immediately, and tenants are linked with their new home in record timing. 

Finance

APRA has released figures that are a telling tale of household finances. Since October last year, the big four banks held $813.3 billion in savings from households, a record figure up $78.8 billion over a year, with almost all of that happening since the pandemic. 

Home lending continues to rise and new figures show that November 2020 was the sixth consecutive month of growth, with a 5.6% jump pushing a new record of $24 billion - a 23.7% yearly increase. 

Our newest team member

We’re so pleased to officially welcome our new Senior Property Manager Samantha Dimech, who brings six years of exceeding customer expectations to DIB CHIDIAC.

With an optimism that thrives off professional challenges, Samantha chose us for our fresh perspective and innovation as a brand, and we chose her for her track record of brilliant results. We look forward to working closely together.