August Property Market Update

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.

Buyers have been given a behind-the-scenes tour of the Signature Wollongong apartment building, which is still under construction.

Illawarra house prices have continued to fall, but there may be signs that "things are turning around", a leading economist says.

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.

In October 2018 the NSW Parliament passed a series of amendments to the Residential Tenancies Act 2010, which are designed to increase protection and certainty for renters, while ensuring that landlords can protect their investment and effectively manage their properties.

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.