News

RBA Announcement Gives’ Consumer Confidence

By Todd Alexander

Last weeks announcement from the Reserve Bank of Australia (RBA)  to leave the cash rate at 1.5% has many commentating on the future of Australia’s economic landscape. For the moment, the decision is a positive one within the real estate sector “It is great news, and gives buyers and sellers confidence that the interest rates haven’t changed and are still at historic low levels making the acquisition of cash still achievable” says Daniel Pym, Director of Loan Market – Double Bay.

Although the national dwelling values have dropped 0.7% since September 2017 (RP Datas – Core Logic), here in Sydney’s eastern suburbs we’re still seeing high demand for luxury homes with buyers still paying above market expectations. Ray White Double Bay’s Craig Pontey says 2018 looks promising “There’s a lot of buyers chasing very few opportunities and that’s why I think 2018 is going to be extremely strong. There is still a lack of quality stock but we have a lot of people looking to buy”

Contact us today to see if now if the right time for you.

Up to Date

Latest News

  • Ray White Fight for MND

    Double Bay agents running for Motor Neurone Disease (MND) Australia on Sunday 12th August 2018 at The Sun-Herald City2Surf. Sales agents Adam Reichman, Zac Rabin and Thomas Popple from Ray White Double Bay are leading the charge with fundraising and building a team to participate at this years City 2 … Read more

    Read Full Post

  • Family Matters by Evan Williams

    As reported by Stephen Lacey in Domain 29/06: For full story click here. Evan Williams, a sales executive at Ray White Double Bay, trained as an opera singer at the Sydney Conservatorium of Music. Show business runs in Williams’ blood; his brother, Kip, is the head of the Sydney Theatre Company. At … Read more

    Read Full Post