Traditional Winter Patterns Continue in July 2010
It’s good to have some positive property news! With the number of home loans issued, rising for the first time in eight months during May with the increase being attributed to investment property loans – particularly in the lower end of the market.
Some property commentators are predicting this increase to be short lived and that interest rates are likely to climb again in the coming months.
Smh.com.au ran a poll this week looking at the public’s view of the present market.
Here are the results:
- 50% of respondents suggested the market was in retreat and sellers outweigh buyers and prices are on the slide
- 30% of respondents suggested the market was flat/neutral with buyers roughly matching sellers
- 20% of respondents suggested the market was still buoyant with buyers exceeding sellers and prices were on the rise.
At R&W Seaforth we are still experiencing strong enquiry and attendance at open homes in lower price brackets. As we move up through the price ranges we are seeing the traditional slow down for Winter & expect that enquiry levels will continue to move as they traditionally do in August.
As always these market trends present opportunities for both buyers & seller – if you would like to develop a greater understanding of what is happening in the market feel free to give our team a call on 9948 7080.
Wishing you all the best in your property goals,
The Team at Richardson & Wrench Seaforth Balgowlah.
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See you at the open for inspections: Click Here for our open times
To keep an eye on this week’s reported Seaforth real estate, Clontarf real estate, Balgowlah real estate, Balgowlah Heights real estate and North Balgowlah real estate Click Here*
*Sales are as reported by Australian Property monitors on 16/07/2010
16.07.10