Right Here Right Now – What’s Happening in Property?
Early this year there were green shoots appearing in the property market-now its gathering steam. The total value of all residential dwellings rose across the country rising 1.2% over the quarter and almost 6% over the year.
The Reserve Bank has delivered its announcement – interest rates are officially on hold. It’s not a green light for a market boom just yet, but the momentum is building. Buyers can feel the shift coming.
The combined capital’s preliminary auction clearance rate came in at 73.9% in the last of June, the highest reading since July last year.
Unfortunately, the undersupply new properties will persist for some time with all commentators agreeing that there is no way we’re going to hit the housing construction targets required to meet our demand.
The retail market remains cautious, and conditions in Sydney are still subdued. If you’re considering buying retail property, it’s important to be strategic and deliberate with your decisions to ensure long-term value and stability
Sydney’s office vacancy hit 12.8% in January 2025 the highest in 28 years, driven by a wave of new supply. A great time to secure a good leasing deal.
Listen to Gibbo break it down in 20 seconds…
Residential Buyer’s Agent
Caringbah
Summary
Our clients had been searching for a home for quite some time and were becoming increasingly frustrated by the lack of success. Living far from the area they wanted to buy in made it even more difficult to stay on top of new listings and inspections. After missing out on several properties, often to buyers willing to overpay, they engaged Locate Negotiate to help secure the right property before the market gained further traction.
Key Points
- Challenging Market Condition: With limited stock and growing competition, the clients found it hard to compete. Their goal was to purchase before prices increased further, but the right opportunity remained elusive.
- Strategic Support: We worked closely with the family to refine their search and assess new opportunities as they arose. This allowed them to move forward confidently and quickly when the right property came up.
- Off-Market Access: Through our network, we uncovered a duplex in Caringbah North that was not publicly listed. It met their criteria in terms of layout, location, and future potential.
- Fair and Focused Negotiation: We moved quickly to secure the property at a fair price, helping our clients avoid the pressures of a competitive open market. Our strategy gave them peace of mind and confidence in their decision.
Successful Outcome
The property was successfully secured, and the clients were relieved to find a home that suited their needs in a tightly held area. This case demonstrates the value of having a buyer’s agent with strong connections, sound strategy, and a calm, professional approach.
Residential Buyer’s Agent
Caringbah South
Secured an off-market house purchase for a local family seeking to upsize.
Marrickville
Secured a centrally located investment pre-auction with strong rental yield, transport access, and future development potential.
Commercial Buyers Agent
Alexandria
Acquired an off-market industrial asset in a tightly held pocket of Sydney’s inner south for a long-term investor.
Tenant Representation
Taren Point
Negotiated a successful warehouse lease, achieving favourable terms for our commercial tenant client.
Testimonial:
“Our family goes back with the Gibson family over 40 years my father Ray Warren, who many might know as Rabs just loved Jack Gibson.Over the last fifteen years, John Gibson, Managing Director, Locate Negotiate is a family confidant & our families consult on all aspects the property market. An industry leader, respected Australia wide.
When it was time for my Mum to sell her home & purchase into retirement living John was with us every step of the way as our buyers agent & in his capacity as sellers advocate.
Personally, John has held my hand through three purchases & two sales in order to buy into the Sydney market via his investment strategy his ongoing care & support just outstanding!
Whether buying or selling, John Gibson is your best resource. Full stop.” — Mark Warren
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If you have a query or would like to know how we can assist you, please contact us today.