Property prices in capital cities rise…so the bubble isn’t bursting then?!

The talk of the bubble bursting is never ending, and a fortnight ago we did see Sydney prices drop (albeit by 0.2%).

Today however SMH are reporting that prices last week rose in Sydney by 0.9%, and while the auction clearance rate was lower at 70% the prices continued to be strong.

So, what do this mean?

First off, sight fluctuations like this are going to happen depending what exactly is on offer each week. So, whilst it’s interesting to look at, weekly results are not going to be the best way to gauge the overall picture or trend.

Secondly, while other markets are looking different the Sydney market is strong and is continuing to perform this way.

And like we always say, no two situations are the same. Give us a call today and we can talk about your own situation.

Read the full SMH article here.