Real Estate March Madness…
While there’s some talk we are in a property bubble, the harsh reality is that with 100,000 babies being born in Sydney each year, and the inflows of immigration into greater Sydney, it’s hardly any wonder why demand is exceeding supply. As we go into our 5th year of solid growth, what we are seeing is a paradigm shift in both the Sydney and Melbourne markets – Sydney is becoming a true global city and a destination.
Every property listed receives hundreds of email enquiries and there’s no doubt that demand is outstripping supply and will continue to do so in the years ahead. The mere thought of trying to find cheaper housing solutions within the Sydney basin is akin to trying to stop a tidal wave of demand. The banks have tightened their lending criteria for developers, which will have the knock-on effect of tightening supply even more.
We are in the very lucky position to have a number of really interesting properties listed ranging from brand new units in Kensington, to premium properties in Willoughby and Riverview, and mid-range properties in Riverview and Lane Cove.
For those looking for a renovation project or re-build, we have a property coming up in Greenwich very soon. We have more listings that are being prepared for market and encourage you to register your interest and join us on Facebook for real time updates.
The rental market fluctuates with good months and bad months. There’s low stock of houses in Lane Cove at the moment, however there is ample apartment/unit stock within the Lane Cove precinct with rents holding steady.
Riverview Realty is a boutique agency focused on achieving the maximum price, with a client engagement that is above the industry standard. We call it the “Ultimate Experience” which forms part of our unique selling proposition.
Ph. 02 9420 0083, 59 Tambourine Bay Road, Riverview.
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