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Sydney
Real estate agent Brad Caldwell-Eyles can pinpoint the exact day last year that COVID-19 rattled his world, with the loss of $40m in transactions that were poised to exchange.
“It was March 23, and we had a zoom call with our accountants at 11am … they said ‘this is the real deal, it’s time to batten down the hatches’, the 1st City Real Estate Group co-principal said. There’d already been five Australian deaths; lockdown restrictions were being implemented and, thankfully, government stimulus packages announced.
The news from overseas was getting grimmer by the day and borders were slammed shut to non-residents. Just days later, open homes and auctions were banned. Listings dropped, discounting increased and Sydney’s auction clearance rate hit its lowest level in 15 years. Continue reading at: x
Eastern suburbs property market to be ‘very stro...
Cashed up buyers in Sydney’s east spurred on by low interest rates will push the property market to new heights in 2021, despite the challenges of COVID.
www.realestate.com.au
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