Well what a start to the year! There is just so much going on – in sport, in the world news and of course in the local real estate market.
Roughly this time last year there was an expectation that the middle of this year might be about the time interest rates start to rise but down they went and expected to drop even further in the next month or two. The result? More fuel to the fire under the feet of intending buyers. We experienced over 40 parties at a number of individual inspections over the last couple of weeks, that’s busy by any measure. And it is translating into results on the back of strong competition in the Auction room.
Interest rates dropped this month, there has already been early evidence of increasing market confidence, but it is too soon to really analyse the full impact. In this edition though, we are bypassing the sales report because there is much ado on the investment / rental side. As savvy investors … Read more
Sales Report: We’ve now moved past Easter/Anzac Day/Election phase and into the next stage of the property cycle. As is typically the case at this time of year, we’re seeing a reduction in the number of new listings coming to market. Buyer demand however, remains steady – so we’re expecting … Read more