“Bondi,” originally “Boondi” is an Aboriginal word which has the same meaning as the word “water breaking over rocks.

 

Bondi Beach

Bondi Beach – The Good Old Days

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Bondi Beach is leading a double life. On the surface it’s all sparkly waves, dustings of sand and bronzed backpackers.

On closer inspection, the neighbourhood reveals other sides to its personality.

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Sydney property has seen significant improvement after two interest rate cuts, tax cuts, reduced uncertainty around housing, more positive media and easing in the overly tight lending guidelines.

Buyer competition is revving up, as home buyers are borrowing money and looking for property to purchase, although sellers are yet to catch up with this momentum, returning to the market at a slower rate and creating somewhat of a demand gap. 

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sydney australia viewMarket analysists predicated in late 2018 that Sydney property would drop by 30% - 40%, early 2019 saw the market flatten from price drops of approximately 10% in 2018.

Since the federal election we have seen confidence return to the market.

A combination of maintaining capital gains tax discount and negative gearing, along with RBA rate cuts and some relaxation in lending standards by APRA has resulted in a positive result in the market.

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