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Ray White Tom Shang

Phone: +61 421 434 671

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24.01.2022 Congratulations another happy new home owner

15.01.2022 MASCOT CENTRAL - MARKET REPORT by Tom & Jamie With the uncertainty surrounding Mascot Towers, many owners in the Mascot Precinct area are asking the same question - How will this affect my property value? We have developed an in depth Market Report with key selling strategies and recommendations with the intent to achieve premium results. For more info please call/sms your Ray White MASCOT CENTRAL experts: ... Tom Shang 0421 434 671 Linda Cathy Le 8860 00801 Jamie Van Le 0488 083 060 https://raywhitemascot.com.au/agents/tom-shang/109085

11.01.2022 Sydney auctions: Clearance rate at two-year high but numbers well down year on year Sydney’s auction clearance rates are at their highest level in more than two years following the weekend’s results. The preliminary clearance rate sat at 78 per cent after 267 auctions were held and 184 results were reported....Continue reading

10.01.2022 JUST LISTED IN MASCOT OPEN THIS SATURDAY @ 10:00AM-10:45AM FOR MORE DETAILS PLEASE CONTACT TOM - 0421 434 671 https://raywhitemascot.com.au//mascot-20/apartment/2144187

07.01.2022 Sydney house price falls slow as property market downturn nears its end: new report Sydney’s largest correction in house prices since the 1980s appears to be near its end, with prices increasing in more than half of the city’s regions in the June quarter, new data shows. Overall, the city’s house and unit price declines have slowed to 0.4 per cent the smallest quarterly fall since prices started sliding in December 2017, according to Domain’s June House Price Report, releas...ed on Thursday. And Sydney’s median price is likely to stay above $1 million. The citywide median house price has dropped to $1,032,338 back to early 2016 levels while the median unit price has dropped to $688,652, back to mid-2015 levels. It’s likely that prices have bottomed out in Sydney recently, said Domain economist Trent Wiltshire. This is the biggest downturn in property prices since the 1980s it looks to be at least close to an end. Mr Wiltshire said while it was a short-lived correction, it was significant in nominal terms. House prices fell 14 per cent below the mid-2017 peak but Sydney’s median house price is likely to remain above $1 million, according to Mr Wiltshire. He said the latest report captured a period of seismic shifts within the property market, including the federal election results, which guaranteed negative gearing and capital gains tax remained in place, two interest rate cuts and lending rule changes. As a result, demand surged as buyers returned to the market yet supply did not catch up in turn, according to agents, pushing up prices. EY chief economist Jo Masters said the market would not bounce back, despite the downturn abating. Whilst we’ve had APRA reduce the serviceability floor, there’s the introduction of comprehensive credit reporting we will still see some credit restraint, she said. Mr Wiltshire said the recovery was skewed to higher-priced areas: lower north shore house prices recorded the strongest growth of 4.55 per cent to $2.3 million in the June quarter. It was followed by the inner west, up 3.48 per cent to $1,448,750. Ray White upper north shore selling agent Anna Cavill said open-home numbers on the weekend after the election, returning to 2017 numbers. She said that when prices dropped, it brought in a wider pool of buyers previously locked out of the area. When the lower north shore and inner west has more to spend, there’s always that knock-on effect, Ms Cavill said.