Talking real estate with Robert “Dipper” DiPierdomenico

Episode 13 of Talking Real Estate, John is joined by Robert “Dipper” DiPierdomenico!

Has the Sydney market plateaued? That’s the big question for many in the market looking to buy or invest. Gibson keeps it simple. Whilst our industry leader says the market has come off the boil, the date he researches, shows that historically the property market reacts in the month in and around every Federal Election. Which leads to the next subject… interest rates!

To listen to the full podcast click here.

New Labor government – what does this means for the property market?

Contrary to popular belief, federal elections don’t have all that much impact on housing cycles. Factors such as credit availability, the cost of debt and economic factors are far more important.

You can go back decades; the market has endured peaks and troughs in regard to which side of politics gets in power. Broader economic conditions are largely influenced by global factors and are far more important in dictating property prices than any one side of politics.

Are there construction challengers ahead?

There are headwinds for anyone who is looking to undertake some sort of build right now. Demand for builders and materials far outstrips the availability to supply both. Anyone with an inkling of economic smarts will tell you, that means higher costs and longer project times.

There’s lots going on in the world at the moment. Are there any changes in the property market right now?

With the lead up to any federal election it’s normal that the hand break comes on in the market. There are some segments of the market that have slowed and other areas that have continued to be quite buoyant. Even with rising inflation and interest rates the stock levels for both residential and commercial assets currently remain low. The next few months are the ones to watch.

Commercial Retail Buyers Agent

Kirrawee, NSW

We negotiated the property purchase and terms on behalf of the client.

Tenant Representation

Wooloomooloo, NSW

B grade office space – we negotiated lease terms, which included incentive and fit-out on behalf of an established business.

Residential Buyers Agent

Tapitallee, NSW

We purchased this rural property at auction on behalf of our long-standing client.

Sellers Advocacy

Cronulla, NSW

We were engaged to project manage the sale of this waterfront apartment. We advised our client and the selling agent and were successful in achieving a very good sale price.