Episode #69: Sydney’s Inner West – Hotspots and Outlook for 2024

Podcast Episode #69: Sydney’s Inner West – Hotspots and Outlook for 2024

Thomas McGlynn – CEO BresicWhitney

Welcome to our next edition of the Propertybuyer Podcast.

Sydney’s Inner-West property market offers a kaleidoscope of diverse suburbs, each with its own unique character and price points. The beauty of the Inner west is its close proximity to the city, it’s eclectic housing styles from 150 year old Balmain terraces, stunning waterfront homes in Drummoyne or Birchgrove and trendy apartments and townhouses from Newtown to Marrickville.

The style of properties is equally matched by the diversity of people of all cultural backgrounds calling the Inner West home. The abundance of fabulous eating places means you can eat your way around the world by visiting just a few suburbs!

It’s a part of Sydney that is highly sought after by property investors seeking to capitalise on consistently strong capital growth and solid rent returns.

In this episode, we'll dissect the Inner West's unique landscape, analysing the trends shaping its future. We'll address your burning questions: What's the outlook for 2024? Are vendors still hesitant? What about buyer sentiment? Which suburbs hold hidden gems? Is PropTech revolutionising the game? Buckle up for insights on pricing, demographics, negotiation strategies, and more!

To answer these and many more questions…Today I have Thomas McGlynn – CEO BresicWhitney

 

Thomas - we have a tradition in our Podcasts to start with a Thought of the Week :“Either you run the day, or the day runs you”. –Jim Rohn

 

What do you take from that quote?

 

Thomas McGlynn – CEO BresicWhitney

Topic: Sydney’s Inner West – Hotspots and Outlook for 2024

Questions we will unpack in this edition of the Podcast. 

1. What was your first job in the industry? How did you first get into real estate?
2. How many agents in the Bressic Whitney team? And what key areas and suburbs do you cover?
3. Looking back over 2023, how would describe the state of the property market?
4. What is your outlook for 2024? Are vendors still nervous to list?
5. What is holding the buyers back?
6. What trends are you seeing in Sydney’s Inner West market?
7. What property types are most in demand?
8. What types of buyers are coming into the Inner West? (demographic). Where are the buyers predominantly coming from?
9. Tell me about pricing in the Inner West…Where are prices going?
10. How do you estimate the value for vendors when signing up a new listing agreement?

• What Inner West suburbs would you say are still relatively under-valued compared to surrounding areas at present?
• What has been your experience in dealing with buyers agents? How does the interaction differ from the experience of the ordinary buyer?
• How do you approach the negotiation process with a potential buyer? How should buyers approach sales agents – to get the best outcome?  
• What are the top qualities that you look for when hiring sales agents to join your company ?
• What is the most rewarding thing about being a sales agent?
• Prop tech – and AI – What are you adopting in your business to keep up with technology
• What has been your most memorable, interesting or intriguing sale?
• What’s your best property tip you can share with our audience?

Feel free join in to our podcast by asking your questions live on the Propertybuyer website by clicking on the speak pipe button. 

www.propertybuyer.com.au/podcast