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Sydney Property Market 2019 Predictions

Announcement posted by 360PR 26 Nov 2018

Top Predictions For The Sydney Property Market In 2019
By Tolga Ozer – Principal of Boutique Property Agents
www.boutiquepropertyagents.com

It is safe for me to say, 2018 has been an interesting year and there have been many ups and downs, key learnings and rapid changes. Some expected, some not so expected. I’ve been in real estate for over 10 years now, so I’ve experienced many changes in the Sydney market and I have a good idea of what the future may hold. I predict 2019 is going to be another bumpy year, however, there is hope. Don’t get caught up in the doom and gloom of all the property stories you may be reading. 
 
Here are my top 3 predictions for the Sydney property market in 2019:
  • The market softening is probably going to continue, however, consumers will need to become accustomed to the new lending methods, then things should start to level out. This is the new norm in real estate.
  • The main issue around property prices is people haven’t been able to borrow as much money as they used to and it’s been a slow process, but in 2019 loans should be approved in a faster manner. Consequently, sales should start to go back to where they were, in due time of course.
  • Property prices might not be at an all-time high right now, although, property transactions will remain high through 2019. In 2018 we transacted the same number of properties as 2017, and 2019 will be no different.
Everyone needs to remember that properties are still selling! Transacting the same number of properties is not an issue. No one needs to fear that their property will not sell, because it will. We have proof! The media talk about more than 50% of properties not selling, but it’s not true.
 
Housing prices boomed - so now we go through the motions of the normal cycle the property market goes through. This drop in the market isn’t something new. It happens, it’s normal! All in all, 2018 was a successful year and we look forward to another fantastic year in 2019.
 
About Tolga Ozer:
There are very few people who can truly call themselves an area expert, but when it comes to Tolga and Hyde Park there is no other way to describe him. Literally working and living in and around the city precinct over the past 10 years has given him an insider's knowledge to each and every residence in the area.
 
As the precinct has evolved from being a business district to a residential hub for those looking for the convenience of city living, so too have the strategies and tactics Tolga employs to deliver best-in-class results.
 
Known for going above and beyond for each and every client, it's his personalised, efficient and results driven approach that sets him apart from the rest. He also has experience working across all divisions of the industry including property management, marketing and investment. This enables him to provide his clients with a holistic approach to their purchase of sale of their most valuable investment.