I believe that the rest of Sydney in certain locations is dragging some of Sydney's more affluent suburbs down.
I have had my biggest April since being the first buyers agent to open it's doors in 1997.
High-end property in the East, parts of the Lower North Shore and certain locations on the Northern Beaches are booming.
I know that when journalists report in the press, they report on the whole of Sydney, but remember there ares so many segments: be it units with water views, semis, waterfront houses etc.
If it was possible to break all of these down in price ranges, locations, suburbs etc you would get a good idea of what the market is really doing segment by segment.
In the present market, and areas that I am working in which is purchases well over the million mark, I see a solid 5 to 10 percent growth over the next twelve months, not a five percent drop.
As I speak, Jake Rowe from McGrath Manly is exchanging a contract on a property in Manly that he thought would only achieve maximum $1.2 million. It has not even gone into the second week of auction and he has two people fighting over it at what looks like will end up around $1.35 million.
