realestatebusiness logo

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

3 predictions for Sydney in 2019

26 November 2018 Tim Neary
Predictions crystal ball

One Sydney property expert is predicting a bumpy year for property investors, BDMs and property managers, but he warns not to get too caught up in the popular “doom and gloom” narrative currently doing the rounds.

Here are principal of Boutique Property Agents Tolga Ozer’s three predictions for Sydney in 2019:

1. New lending


The market softening is probably going to continue, Mr Ozer said.

“However, consumers will need to become accustomed to the new lending methods, then things should start to level out,” the principal said.

Mr Ozer called this “the new norm” in real estate.

2. Quicker approval

Mr Ozer said that the main issue around property prices is people haven’t been able to borrow as much money as they used to — and it’s been a slow process.

“But in 2019, loans should be approved in a faster manner. Consequently, sales should start to go back to where they were, in due time, of course.”

3. High volume of transactions

Property prices might not be at an all-time high right now, according to Mr Ozer, but property transactions will remain high through 2019.

“In 2018, we transacted the same number of properties as 2017, and 2019 will be no different.

“Everyone needs to remember that properties are still selling. Transacting the same number of properties is not an issue. Housing prices boomed, so now we go through the motions of the normal cycle the property market goes through. This drop in the market isn’t something new.”

3 predictions for Sydney in 2019
prediction crystal ball reb
lawyersweekly logo
Recommended by Spike Native Network


Subscribe to our RPM mailing list



Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.