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Market Report

Black Diamondz Market Report Spring 2016

Our aim at Black Diamondz Property Concierge is to deliver the most accurate and comprehensive property market report to our valued clients.

The auction clearance rate continues to rise and prices are very strong and holding. It’s a combination that seems to automatically inflate speculation of a rising ‘property bubble’. With not enough properties currently on the Sydney market to meet demand, right now is an ideal time for any potential vendors who are looking to take advantage of one of the most unique property cycles in history.

Take a moment to appreciate these amazingly positive statistics for vendors from Corelogic:

New listings are down 20.6% when compared to the same period last year. The first week of September is normally the bumper spring auction time.  There have been 18,619 auctions so far in 2016 across Sydney.  By this time last year, there were 25,399 auctions.  That is an actual 26.7% decline in available properties in Sydney. It is very little surprise auction clearance rates are 81%. The positive indicators fuelling such strong demand cannot be ignored with high auction clearance rates, low days on market, low interest rates and record prices being achieved.

Another statistic from Corelogic data shows Sydney home values have increased a staggering 98% between August 2008 and August 2016.  Australia and Sydney in particular are seeing a large influx of qualified Chinese buyers looking to purchase properties.  Our Black Diamondz team are specialists when dealing with international buyers and we are finding 3 types of buyers in the market place right now:

40% Mainland Chinese Buyers

40% Local Buyers

20% Chinese Local Buyers

With the spectacular Spring selling season starting, we anticipate more mainland and local Chinese buyers entering the market and we can also expect the traditional last minute run from potential buyers who want their new property purchase sorted ‘before Christmas’.

Take advantage of the extraordinary opportunities currently available for home owners who are thinking of selling.  If you are considering capitalising on this powerful time in the Australian property landscape please call a Black Diamondz specialists for a confidential discussion on 02 8280 8280 or

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