A Quieter Market: Your Competitive Edge

With many buyers focused on holiday festivities, December offers a quieter market. Fewer bidders mean less competition, creating a prime opportunity to secure your dream home at a great price.

The Christmas Countdown: Motivated Sellers & Buyers

The Christmas season doubles as a natural deadline for sellers eager to close deals before the year ends. Many have had their homes listed since spring and may feel the pressure to sell, particularly if they’ve purchased another property or face financial obligations.

For buyers, the new year marks a fresh start. This shared sense of urgency between parties can lead to quicker negotiations and better terms

Randwick City Council is considering an empty homes levy on properties left vacant for over a year in response to the local housing shortage. This proposal, intended to encourage owners to rent or sell idle properties, could provide essential housing near key areas, such as hospitals and universities. Significantly, the levy could generate funds for social housing projects, addressing both the immediate need for affordable housing and the city’s long-term housing goals. To move forward, the proposal requires state approval to amend the Local Government Act.

On 24 October 2024, the NSW Parliament passed the Residential Tenancies Amendment Bill 2024, marking a significant shift in the rental landscape for tenants and landlords alike. These reforms aim to enhance tenant rights and modify rental practices, which will directly impact property investors.