The PROPERTY DOCTORS, Sydney Australia Novak Properties

NOVAK NEWS -THE MOST EFFECTIVE WAY TO TRACK THE NORTHERN BEACHES PROPERTY MARKET

• FREDERICO NISI & THOMAS SIMS • Season 28

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Unlock the secrets of the Northern Beaches property market as we promise to arm you with the strategies top real estate agents use to stay ahead. Imagine having the tools and insights at your fingertips to track the dynamic shifts in property trends from July through October, understanding how these changes influence both the sales and rental landscapes. Explore how seasonal cycles, including recent surges and declines, play a crucial role in market dynamics and how renters are coping with reduced rental availability. We also take a look at past market cycles, including the impacts of COVID-19, to understand the cyclical nature of property availability.

Federico Nisi and Thomas Sims are here to ensure you're never alone on your property journey, offering 24/7 support across platforms like Facebook and LinkedIn. We're not just here to read graphs for you; we're committed to creating a welcoming environment where you can ask questions over coffee and biscuits whenever you need. Dive into our friendly chat for professional tips, and feel confident navigating the Northern Beaches property scene with us by your side. Your questions matter, and we're ready to answer them with warmth and expertise.

Speaker 1:

Hello, good evening everyone.

Speaker 2:

Federico Nisi here and Thomas Sims from the Novak headquarters, and tonight we are going to tell you the most effective way to track the northern beaches property market.

Speaker 1:

All right, Good evening again.

Speaker 2:

Sorry for a little technical difficulty. The wrong intro played for a little bit there, but that's okay. Federico, how are you? I'm very well.

Speaker 1:

Thomas, what about yourself? I'm good, I'm good you had a great day.

Speaker 2:

I did. How was yours? It was intense, as usual. Yeah, yeah, yeah, hectic.

Speaker 1:

Monday's always one of the longest days, but always fun, remember always fun, because we always have fun here in Novak All right.

Speaker 2:

So today, tonight, we are going to take you through a few things so that you can track the Northern Beaches property market very well. So the first thing we'll do is find out how real estate agents find property stock lists, our little secrets. Now, would you like to reveal the little secrets that we agents use?

Speaker 1:

of course, the little secret is paper pen and write down real estate. That's right, yeah and that's our secret. You don't actually need to log in. Those are tools everyone can use, not only real estate agents. So it's very easy. We go on the website and we track the property how many properties are on sale, how many properties are on rent for rent. So, yeah, pretty easy. This is our secret. This is what we do.

Speaker 2:

Yeah, the easiest way to do it for example, if you were to look how many properties are listed in the northern beaches, you go to the buy tab, you search in northern beaches, click on it and then search, and that's it. It'll tell you exactly how many properties are listed on realestatecom in the northern beaches area. So, as real estate agents, we've gathered in a couple numbers from July this year up until now, just to then explain to you and explore the Northern Beaches market trends with professional insights from us.

Speaker 1:

Correct. So we start from July for sale. In July there were 549 properties for sales. Then we got in August. They became 70 hundred and thirty five so you see a big rise there.

Speaker 2:

We're going up. How long does it rise for? So what? What month does it then start to drop?

Speaker 1:

It started to drop in November. Let's say November and December and January are the lowest months actually in the US.

Speaker 2:

I'm sure a lot of people would know that that time, that period, is both summer and Christmas, which there in itself explains why the market how many properties are listed drops. So how much of a drop do you have we seen this year so far?

Speaker 1:

so far. If we start from July they were, in October they were 975 and now we're going down to 852, so there's more than 100 properties in a month.

Speaker 2:

Wow, so in that four week period already. Since October, we've seen about a hundred and twenty properties come off the market, so that's a lot of sales.

Speaker 2:

Good maths, that's a lot of sales and not a lot of listing. So that's where owners are not looking to sell this close to Christmas because they don't want to have to deal with that stress and all of the efforts over the Christmas period. You want to have that break. You might be going away as well and then at the same time, there's still how many? Are you seeing a lot of buyers out right now?

Speaker 1:

Plenty of buyers actually out there, Plenty of buyers. So what we see now we got property actually that don't stay very long on the market, especially apartments. They stay for a few days. We got an example here. Thomas sold a unit in Mosman. In how many?

Speaker 2:

Four or five days, five days.

Speaker 1:

Correct. So yeah, this is the trend around this period. We got properties entering in the market and not staying more than a week. Yeah, seeing a lot of buyers out there just snapping at properties before as Thomas said, before Christmas, before all the holidays, so we're gonna have the end of December. In January are quietest. Yeah, let's call it month of the year Because we got all the day and then during spring is going up again. This is pretty much cyclical yeah, no, he's 100 right.

Speaker 2:

And in terms of in terms of the rental market. So we won't just look at sales, we'll compare with the rental market since July. What have you kind of seen?

Speaker 1:

decrease. The numbers are decreasing. So in July we had around 544 rental yeah properties.

Speaker 2:

Now in November we are 328 so this means so about six months looking at over 200 like near 250 properties down, which tells us that owners and landlords are looking to either move into their property or what we've seen.

Speaker 1:

Yeah they sell the property.

Speaker 2:

So if, in terms of being a renter, for your rent is out there, it is a tough market at the moment. I've seen properties go very quickly Lord of Rensselaer's, as always but stocks getting quite low.

Speaker 1:

Especially with Summer time and the good weather, everyone wants to be on. The beaches is the best place there. Northern beaches is one of the best places in Sydney, so everyone wants to be here. We got a lot of backpackers as well, so we got people coming from abroad doing doing their season in Sydney and they come in summertime, they do the summertime experience and they move to Queensland.

Speaker 2:

So what we will do next is learn how to read the market and explain and get you to know the best periods to buy and sell. So we have a look about roughly three to five years back. Now we know 2020 and 2021 was COVID, correct so starting from 2021, we saw a record low around that January 2021 period and, being January, not a lot of stock on the market, regardless of COVID. But since then, what have you kind of seen, federico, when looking back?

Speaker 1:

Since then what we're going to see. I've got a graph in front of me. That's why I'm looking down all the time. We can see the is a cycle repeating every every year. So we go. The lowest points are always in august and january 21, 22, 23, 24. Every year, august and january are the lowest and we got the peak in November and March. Every year. It's like the shares, when you and that is share market at the end of the day and that's the same.

Speaker 2:

It's the same in terms of whether you're buying or selling a house and a unit. They tend to follow each other, and further we could walk in your opinion would be the reason for that kind of high, that peak and that low being where it is okay, well, it can be the reason, the reason so we see the peaks in November. This is in listings, so a lot of people are looking to list their properties and sell before Christmas.

Speaker 1:

Before Christmas A bit of a Christmas rush.

Speaker 2:

Now in terms of that rise and that peak in March as well, that's that post-Christmas period where people have come back from holidays, people have had their Christmas break and now they're looking to get that end of summer market, start of autumn, that end of summer market, start of autumn. So you start to see everyone start to list their properties, which gives buyers a whole lot of choice and variety, which then affects that market price as well and we got the lowest one right after Christmas.

Speaker 1:

So January, where we got holidays, everyone is on holiday and we got August as well, winter time that's right yeah, correct and don't forget the, that's those seasons.

Speaker 2:

Yeah, the seasons actually dictate the markets in their own ways. Um, and it depends when you're looking at buying or selling. You may want to look into the seasons and how they affect the market. So if you look at your most stable periods, it tends to be after that March period where you've peaked. You start to see a slight drop in the market in terms of listings, but then it holds steady through winter to around that end of winter, the August period. So if you're looking for a steady sale, stress-free, that winter market is definitely yours. If you're looking for that highest price, what seasons do you suggest for?

Speaker 1:

the highest price. I would suggest October, and then we got March, march and October.

Speaker 2:

Yeah, you start to see that's property world listings go up to the highest point. That's not always the best case and the best situation to sell. You might want to sell when there's the least amount of listings, so that tends to be around, potentially December. If you're seeing a lot of buyers in December still regardless of Christmas, it might be a good time to sell. Buyers don't have a lot of choice, so they make their decision there or they choose to wait. So it's a risky time. But you see a drop after March and April too. So low stock means hot competition for all the buyers out there. So if there's a lot of buyers but not a lot of stock.

Speaker 1:

You start to see that property price going up. Yeah, so correct well the questions.

Speaker 2:

Do you have any questions really?

Speaker 1:

but if someone from home over question. Please, please write down. We on facebook, isn't it, oh, facebook? Yeah, linkedin, yeah everything hopefully we answer all your questions, guys. There's nothing special we do. We just read graphs and we try to help you the best way possible that's it and thank you, thomas thank you, federico, for joining me.

Speaker 2:

If you guys do have any questions, feel free to give us a call. We never sleep. We're open 24-7.

Speaker 1:

24-7, guys Come in have a free coffee.

Speaker 2:

Sit down, have some biscuits and have a chat with us anytime if you do have any questions.

Speaker 1:

From Federico Nisi and Thomas Sims. That's all, thank you again. Bye, thomas Sims. That's all. Thank you again. Bye.