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Boroughs & Burbs 102 || The Housing Market Down Under: Sydney, Australia
Manage episode 375195678 series 2814073
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Get ready for an enlightening episode of "Boroughs & Burbs: The National Real Estate Conversation"! In Episode #102, we're taking a global perspective as we delve into the fascinating real estate dynamics of Sydney, Australia.
Our special guest, Dominic Longcroft, will shed light on some intriguing aspects of the Sydney housing market that might surprise you:
🏠 Did you know that realtors in Sydney earn a salary, setting a unique precedent in the real estate world?
🏠 Most houses are sold within a brisk 6-week process, culminating in an auction right on the front lawn. The buyer and seller then sign contracts on the dining room table immediately following the auction.
🏠 Mortgages often span just 2 years before requiring refinancing. This distinctive approach undoubtedly shapes the housing market – but how?
Join hosts John Engel and Roberto Cabrera as they explore the Sydney housing market's nuances and its implications:
🏠 How does the 2-year mortgage cycle impact the market's stability and homeowner strategies?
🏠 With rental rates struggling to keep pace with volatile interest rates, how are investment properties faring?
Gain valuable insights into Sydney's real estate scene and discover its impact on the broader housing landscape.
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