Astrid Joarder is a Senior Sales Agent at Ray White Erskineville in Sydney’s Inner West.
Astrids’ sales experience and knowledge of consumer behaviour allows her to generate strong client relationships and meet their needs in the changing property market. With so much talk about housing supply and the state of property prices, Astrid recently gained media attention for the sale of a 1 bed, 1 bath home in Newtown for $847,000…to a first home buyer.
Mark asks Astrid all about the current market, whether there may have been a shift in priorities for purchasers, and so much more on this week’s Property Insights episode.
Key Takeaways:
- Interest rate cycles are putting pressure on homeowners, with a shortage of stock and high attendance at open homes evident.
- Erskineville, Newtown, Marrickville, and Enmore have seen significant changes and price increases in the housing market, with councils considering steps to revitalise these areas.
- Buyers in these areas are a mix of owner-occupiers and renters, with an influx of investors in recent years.
- The dream of owning a property is still a priority for many, especially, Astrid says, for first home buyers. The inner west areas remain popular due to their proximity to the city and amenities.
- The market is still uncertain as people are waiting to see the effects of fixed interest rates expiring. Rather than any projected distress selling being evident, Astrid finds sellers are waiting to put their properties on the market until there is more confidence.
- Despite the low stock, there have been strong results in the housing market, but caution is advised for those planning to sell in the next few months.
