DIVORCE! Upper Mountains and Sydney Markets to Separate?
16 May 2019
Sydney’s median price still just exceeds $1 million and according to the latest reports (see below) “home prices … State capitals stopped falling last week …”
Of course other Sydney press continues to report that “the pace of monthly price declines has slowed compared to what was seen late last year …”
How those two statements sit together only the Journalists involved can answer.
BUT nevertheless, there may be something else happening –
Want to read more ?
Read in Business Insider Australia : https://apple.news/ACje4dnEdTZynuwm0wco-wA
THAT’S NOT WHAT APPEARS TO BE HAPPENING HERE IN THE UPPER BLUE MOUNTAINS
Open Houses are attended, as usual, by Sydney “escapees” but now locals are entering the fray.
Listings in the Upper Mountains continue, and attendances at Open Homes are growing.
Offers are being made and sales are Exchanging.
What is happening ? Perhaps the two markets are going their separate ways.
Perception is a fleeting thing.
Sydney has its high rise problems with Certification and as a result unit prices are going down.
In the Upper Mountains we are seeing a return of the Buyers.
I wonder if the perception of property values in the Upper Blue Mountains is recovering, despite Sydney.