Login
iscover
Century 21’s July activity points to its confidence in the NSW market, much like other networks who have announced new office openings so far this financial year.
The east coast has historically attracted the attention of the major networks, and this financial year so far has been no exception for Century 21.
Century 21 kicked off the month with a new office opening in Sydney’s Inner West, followed by an office in Sydney’s lucrative Eastern Suburbs market.
These openings follow some bullish market projections from Century 21’s chairperson, Charles Tarbey.
“Interest in purchasing property is likely to be stronger now than at any other time over the previous 12 months, as we see a slowdown in the decline of national dwelling prices,” Mr Tarbey said.
“The 0.4 [of a percentage point] drop over May is the lowest month-on-month drop since early 2018, and as home values start to plateau, we should expect a return of buyer confidence. It would not be surprising for home values to start to increase towards the end of this year,” he said.
“There are still some regions experiencing declines in property values greater than the national average; however, the impact of the drop in interest rates coupled with more positive media could see values in these areas begin to level out.
“Potential buyers who have been reluctant to buy over the past year may now be re-assessing both the market and their own financial position in order to make a decision, as now may not be a time to linger but to act.”
Newsletter
