PROPERTY MARKET UPDATE- MARCH 2020

MARKET UPDATE MARCH 2020

The end of 2019 represented the fasted property recovery on record, and a turnaround in the losses suffered in the last two years.  The Merrylands and Merrylands West  property market has been quite strong in 2020.

The team at Cumberland Realty is committed to serve our clients with Integrity, Professionalism and Winning Results.

Where to in 2020?   

The Australian property market is expected to keep rising in the first half of 2020.   There is currently a shortage of properties for sale in Greystanes, which is seeing prices continue to grow.  However, price gains may stabilise by mid-year based on: 

·         New affordability problems may emerge and APRA (Bank governing body) may intervene again to restrict bank lending.

·         Lower Buyer activity in the winter months

·         Instability in the world economy which may impact buyer confidence

·         Slowing employment growth, rising unemployment and low wage growth

·         Fasted recovery on record, and a turnaround in the losses suffered in the last two years.

 

We consider this to be a GREAT TIME TO SELL

If you would like a free market appraisal please call 02 9756 3040