The turning season seems to reflect a turning season in the property market? You decide…

Summer heat is on everyone’s minds at the moment. We look across the real estate news sources to see what people make of it.

Summer heat is on everyone’s minds at the moment. We look across the real estate news sources to see what people make of it.

Summer heat is on everyone’s minds at the moment. We look across the real estate news sources to see what people make of it.

A shorter post due to the end of the year, summarising the current state of the Sydney real estate market and more generally.

Property media sources are now discussing the way ahead. Some salvos are mis-aimed, but there is likely a common thread beginning to emerge.

The pessimism of previous months seems to be dissipating as we get on with the job of providing integrated services for clients, and the industry shifts gears into a different market phase.

In this month’s market summary, many of the high level sources discuss that although the market is in a downwards direction, this decline is not substantial. It’s more of a correction than a fall.

This month the area of concentration seems to focus on a maturing understanding on ‘softening’ housing values felt throughout the real estate industry, but especially in Sydney and Melbourne. The panic is over and industry voices are looking at the way forward, as well as more nuanced and likely future directions.

This month in Sydney’s real estate sees a minor – and perhaps temporary – reprieve from falling property sales, but industry pundits overall point towards a large-scale correction on a number of fronts.