Buying a property in Sydney’s Eastern Suburbs
The Sydney property market has been subject to much speculation in 2023. Experts are debating whether it has reached the bottom of the cycle or is simply in the eye of the storm! Inflation is still rising, and Sydney has had 10 interest rate rises in a row, leading some to speculate that the market may continue to decline. However, while median house prices are currently 11.3% below their early 2022 peak, they remain substantially higher than before the pandemic property boom – up by 24.2%.
So, for those considering buying property in Sydney, purchasing now could be a wise decision. Stock levels are low in the Eastern Suburbs of Sydney, so vendors are trying to hold onto their properties and ride the wave of high interest rates. If you’re planning on moving back to Sydney in the future, this dip could be a great time to buy, as prices and demand may begin to rise again in the near future.
Ultimately, whether this is the bottom of the cycle or not, it’s still possible to make smart purchasing decisions and secure a valuable investment. If you’re keen to buy a new Sydney property, or upgrade or downgrade an existing property in Sydney, working with a buyers’ agent who can help at each stage of the process is a smart move.
Getting help from someone on the ground
Buying property on the ground is super stressful, especially in the sought-after Sydney suburbs, and trying to do this remotely is even more so. BuyEast Agency is a company that aims to “take away the stress of purchasing a property and make it pleasurable”.
Co-founder Mark Cadry says that, as buyers’ agents, the BuyEast team “do more due diligence than anyone else, working pretty much round the clock and on weekends to make sure we get the right property for our clients”. They’ve built up relationships with realtors in the area and know who to talk to, even before properties go on the market.
Getting this kind of access to premarket opportunities and having someone negotiate for you is a huge help. And they do so much more too. “We basically live and breathe the Eastern Suburbs of Sydney!” says Mark.
Instead of competing against each other, these buyers’ agents work together to get the best opportunities at the best possible price. Using them will give you a VIP service and get you ahead of the game – which is even more important when you’re not in the same country.
How BuyEast Agency can help
Let’s look at some of the specific services they can assist with.
- They’ll source properties based on the agreed brief, and carry out all due diligence, searches and contract reviews.
- Along with providing feedback on the property value and liaising with all the parties involved – owners, solicitors, agents and inspectors – they will also advise on the best time make an offer on the property.
- Especially important if you’re not in the country, they will attend pre-settlement inspections with unlimited inspection videos and bid for you at auctions if necessary, using FaceTime for these ‘live’ inspections and auctions. They’ll also liaise with local services once you’ve bought.
So if you’re looking to buy a property in Sydney, using these buyers’ agents will give you constant access to a team who can provide all the advice and action you need to make your purchase a reality.
Want to know more about Sydney’s Eastern Suburbs?
Click on the links below for profiles of these suburbs.
Watsons Bay | Vaucluse | Dover Heights | Rose Bay | North Bondi | Bondi Beach |
Bondi | Bondi Junction | Bellevue Hill | Double Bay | Point Piper | Darling Point |
Edgecliff | Tamarama | Bronte | Waverly | Clovelly | Coogee | Maroubra | Malabar |
Little Bay | Kingsford | Kensington | Randwick | Centennial Park | Rushcutters Bay |
Elizabeth Bay | Darlinghurst | Paddington | Woollahra