A recent UTS study has revealed that weather plays an integral part in auction day results.
A sunny or hot day can result in paying thousands more on auction day, as opposed to a dreary or rainy day. Surprisingly weather does appear to have an effect on people and the price they’re willing to pay.
Buying property in Sydney can be daunting, often supply is limited and competition is high for the properties that are available.
Often these properties appear to sell as soon as they hit the market, and drive emotional and fear-based reactive decisions to avoid missing out.
Sydney property has seen significant improvement after two interest rate cuts, tax cuts, reduced uncertainty around housing, more positive media and easing in the overly tight lending guidelines.
Buyer competition is revving up, as home buyers are borrowing money and looking for property to purchase, although sellers are yet to catch up with this momentum, returning to the market at a slower rate and creating somewhat of a demand gap.
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Postal Address: PO Box 2192 Bondi Junction NSW, 1355
Telephone: 1300 132 970
E-mail: info@searchfindinvest.com.au
