Active property listings in Wentworth Point have dropped 7% from this time last month with motivated buyers seeking out quality opportunities and snapping them up quickly.
If this trend continues buyers are likely to face reduced choice leading into Christmas and are encouraged to make the most of what the spring selling season has to offer. 20 properties have sold in Wentworth Point so far this month, with five days still remaining before September comes to an end. This figure mimics the level of activity recorded over September 2019, highlighting that little has changed beyond dwindling supply levels.
Record low interest rates remain a huge motivator as many renters transition to becoming homeowners whilst still saving money.
Significant economic and policy updates released this week indicate that fence sitters unable to commit to meeting their property goals before the year ends could be doing themselves a serious disservice by waiting. CBA and Westpac have both revised their market forecasts for the next 12-18 month period, officially stating they now expect Sydney property prices to climb 14% after mid 2021.
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