The Australian has a great story about Sydney real estate agents who say investment banker bonus season (around February) is the best time to list a house.
According to the story, one Singapore-based banker listed his home on the North Shore of Sydney in time to take advantage of the cash injections many of his colleagues will receive.
Here’s Raine & Horne Crows Nest director David Hill, from The Aus:
“He is selling it because he thinks there is going to be a good flow through of bonus money this year, which we haven’t seen for a few years.
“In that same sort of market — the $2.5m-$3m mark — some buyers have said, ‘We will be there in February, we will just wait and see what our bonuses are’.”
There’s more here.
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