2020 Northern beaches Property predictions, with realestate.com.au

16 January 2020

It’s good news for everyone as we predict that 2020 will be a year of growth for the local property market. The marketplace is already experiencing a strong resurgence of seller confidence, steadily leading to more and more stock coming to market and consequently, a substantial increase in buyer confidence to match.

“Families who missed out on buying a home last year on the northern beaches are already bombarding agents looking for a home,” said realestate.com.au. “Buyer sentiment is expected to remain positive especially with talk of an interest-rate cut in the first half of the year.”

Watch the full video below.

Transcript:

Steve Lambley: 2020 is going to be a year of stabilization.
Matt Nicastri: The property market rebounded really quickly towards the middle part of last year and I think that will continue in the first half of this year.
Florence Labadens: 2020 we definitely will see growth in the consumer confidence underpinned by more stock coming on the market.
Here’s the 2020 Northern beaches property market predictions.
James Haywood: We do think there’ll be price growth in 2020. 2019 was a recovery year and so we predict a stable growth year for 2020.
Florence Labadens: Perhaps a two 2-3% growth for houses and a 1-2% growth four units. A lot of sellers have been waiting to see the recovery in the marketplace and now they feel that there’s a lot of buyers out there. It gives them the confidence to act.
Matt Nicastri: Quite often when we’re talking to people that are thinking of coming to market, they’re not actually aware that the property market is starting to see signs of growing back similar levels as 2017.
James Haywood: Areas that I think there will see a really strong growth in 2020 are the good family properties. So those that tick all the boxes, investors seem to be back as well. Good investment stock we predict will be strong as well.
Steve Lambley: The closer you get to Manly, obviously the more popular that’s going to be. One of the other hotspots that has always been popular is Freshwater/ Curl Curl.
Matt Nicastri: I think for those people that are looking to cash in on the Sydney market and move elsewhere, it’s an opportune time. You really can’t get any better conditions.
Florence Labadens: I would say just don’t wait too long. We know historically that the market will pick up fast after Australia day, so if you are thinking of selling – get in touch with your local real estate agent as soon as possible.
Steve Lambley: Don’t wait until the spring selling season. Now’s the opportunity.
Now’s right for selling.

Source: realestate.com.au

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