While its early days yet, property prices in the Southern Highlands are already looking at slowing down and even finally stabilising. The article published in my previous blog about the REA Group predictions is most likely going to be correct, with the knock on effect from Sydney property prices moving down here.
At the moment there are 33 properties for sale (price point to $650,000) in the Southern Highlands with only 2 under offer and 106 properties for sale from $650,000 to $1.5 million with today, none under offer.
We do expect of course around December and January to be very slow months for listings and for sales as many sellers and buyers are on holidays, so too real estate agents and many solicitors. By February and on wards, property will either start to become more buoyant and not improve much. I will be monitoring this very closely and will keep you up to date and the trend of 2017.
My prediction is it’s now going to be a very good year for the buyer, even with the expected interest rate rise.