New Face of DibChidiac to Start the New Year.

We’ve jumped straight into 2022, a new year and hard act to follow after the astonishing property price rises no one could have predicted dominated the limelight of 2021.

Kicking off the year at DibChidiac we have launched 31 properties, and 4 sales totalling $6.5m, as we continue to deliver finding homes to suit every need. Our standout listing for January is 26 Macnamara Avenue, Concord, a 5 bed, 3 bathroom, 2 car home in a sought after Concord location. We can’t wait to take you through.

We’re preparing for a strong February that will bring together existing and new buyers on the search for their next home, as well as a whole lot of brand new listings fresh on the marketplace.

For sellers looking to put their best foot forward before the surge of competition hits, ask us about our ‘Coming soon’ service. Our agency develops sophisticated, behind the scenes marketing campaigns to preview properties not yet on the market - a cost and obligation free strategy guaranteed to put you in the best position possible.

The rental market has regained momentum since our last lockdown, showing clear signs of a bounceback. We had one rental open home attract more than 30 applications this month, as the average days on market closes in and demand rises drastically.

We might look a little different next month as we currently prepare to launch the rebranding we’ve been busy crafting. With a new look to take on a new year, we can’t wait to unveil our new style.

What’s in store for 2022
While our property market steadied its extraordinary growth as the year ended, there is still significant momentum left. And 2022 promises to be another positive year as property values are likely to increase, but at a slower rate of growth than 2021. 

How do we know this? It is clear that the main drivers impacting property values are here to stay for a while - low-interest rates, the availability of finance, consumer confidence, and a favourable supply and demand ratio.

Lending movements
The latest Australian Prudential Regulation Authority data shows that mortgage lending hit a record in November 2021. 

Overall mortgage lending to owner-occupiers was up by $11.2 billion, or 0.9%.

The records figures of 2021
The record figures are now in for 2021, and Sydney has recorded a 25.3% jump in dwelling values which marks the fastest yearly increase since 1988. Impressive. 

Post lockdown supply and buoyant market conditions also led to unprecedented levels of auction activity in the final three months of 2021, with Sydney holding 14,906 auctions and a clearance rate of 69.9%. 

New listings rise
Sydney recorded a 9.7% rise in listings for the period that stretched between mid-December and January 9, ordinarily a quieter period in real estate.