An interesting article written by Matt Knight from Precium, leading buyer’s agency focusing in NSW properties outside of Sydney. This article gives us a quick market snapshot, helping to understand what’s happening: Matt talks about fear, tighten lending, and real estate opportunities in current real estate market.
He shows the media’s impact on fear, which is clearly something that sells well. Also, Matt talks about how APRA has achieved to slow down Sydney and Melbourne’s property market tightening lending, fearing a property market bubble like in the USA.
This article points that Australia’s property market is not only Sydney and Melbourne. All market are different: Sydney and Melbourne’s markets are very different from the rest of the Australia’s real estate markets. Different areas have performed in a different way and there are great opportunities out there. Matt supports his view looking at the strength of key fundamentals which drive the demand in real estate markets: employment, population growth and internal migration. Therefore, he recommends to search wisely, buying in those areas where there are still opportunities.
The full article is available at the following link: