Are Off-Market Sales Drying Up?

Off market sales became popular when Sydney’s property market was white hot.

Off market sales have always existed. But they started to become a standard feature of the Sydney property market in the strong conditions that existed between about 2013 and 2017.

That’s because going off-market has always been a strategy that tends to work very well in tight property markets, especially for high-end properties. With limited supply and enough interest in a property, it can let a seller cut straight to the people most likely to buy without the need to go through a lengthy public market campaign.

Are Off-Market Sales Drying Up?

Are Off-Market Sales Drying Up?

Off market sales became popular when Sydney’s property market was white hot.

Off market sales have always existed. But they started to become a standard feature of the Sydney property market in the strong conditions that existed between about 2013 and 2017.

That’s because going off-market has always been a strategy that tends to work very well in tight property markets, especially for high-end properties. With limited supply and enough interest in a property, it can let a seller cut straight to the people most likely to buy without the need to go through a lengthy public market campaign.

Why Invest in Wollongong?

Why Invest in Wollongong?

Once a gritty steel town, Australia’s 10th largest city has reinvented itself as a thriving education, health care and tourism hub, and savvy investors are taking notice.

Multiple offices recognised by the community & the industry.

Multiple offices recognised by the community & the industry.

Two of our NSW offices have been recognised both locally and in the state for their outstanding services.  Our Dapto office has been nominated  in the Illawarra & South Coast Local Business Awards for most outstanding Real Estate Agency. MMJ Wollongong's Commercial team has been recognised by the Real Estate Institute of NSW as a finalist for Excellence in Commercial Agency.