A helping hand for buyers in the Federal Budget

Housing investment is on the rise, as the government delivers a budget that could help potential buyers. Check out the details & take a smart decision.

With the first quarter of 2022 under our belt, we’ve connected 33 buyers with their new homes since the year began.

This month finished on a high of activity that saw 17 sales, six of which occurred off market, and five more than last month. In the past week, we exchanged three properties, two of which were off market, successfully linking the right buyer with the right property across 15111/1 Bennelong Parkway, Wentworth Point, 109/4 Baywater Drive, Wentworth Point, both of which were exchanged prior to the first open home and 510/2 Waterways Street, Wentworth Point.

These results show that certainty and confidence are dominant features in buyer behaviour at present, as we took 363 groups through our open homes across 32 properties this month - a slight decrease from February’s 396, despite achieving more sales.

The 2022-2023 Federal Budget was announced this week, and housing affordability is on the agenda with further investment committed to existing schemes intended to help Australians enter the housing market with minimal deposits.

We outline exactly what the Budget has in store for some buyers, and how our local market is performing in our March 2127 Market Report, here.

Make a time to see these three new properties about to come to market: 803/10 Burroway Road, Wentworth Point (two bed in Regatta, versatile winter garden and low strata); 649/30 Baywater Drive, Wentworth Point (two bed in Bellagio, large entertainer’s balcony and partial water views); and 7/242 Blaxland Road, Ryde (one bed with private leafy outlook, a first home buyer’s opportunity).

 

What to read next?

Faster Leasing Times in a Tightening Market

March delivered further signs of a tightening rental market, consistent with the trend over the first quarter of this year.

Read more

Interest Rate Relief and Strengthening Rental Market

February saw continued strengthening in the rental market, with fewer new listings hitting the market, sustained tenant demand, and steady...

Read more

A Seasonal Shift in Supply and Demand

In November, Sydney’s rental market reflected seasonal trends with increased supply and steady leasing activity.

Read more

A Steady Market and Important Legislative Changes

In October, Sydney’s rental market continued to show signs of steadying, with shifts in tenant activity and leasing trends.

Read more