The market has seen some real positive signs of improving over the past 30 days. This renewed confidence has been brought about through the Coalition winning the election, as we won’t see the radical property changes come into effect that Labour Party were suggesting.
This has given buyers and in particular investors confidence in this sector. The royal commission is in our review mirror and to help with peoples ability to improve their serviceability APRA is reducing the interest rate stretch test on people who want to get a loan down from 7%.
This mixed with a reduction in the cash rate to 1.25% are all good things to reinvigorate a less buoyant market.
I must caveat that there are still some head winds in our market in the eastern suburbs. Though there is a lot to help re stimulate things.
Over the last 30 days our auction success rate is up at 85%, we have seen an average of 504 buyers inspect our 28 opens per week. Email inquiry is up 17% for the same time last month.
A masterclass from Warren Ginsberg and Elliott Placks on how to correctly take advantage of the market and deliver the best results for their clients. Congratulations to our vendors and the lucky new owners of this luxury home! Demand continues to grow in the eastern suburbs as stock levels combined … Read more
Last week we held our annual Ray White Double Bay Kick Start event in the Hunter Valley. A great opportunity to build as a team for 2021 but to also improve and hone our skills as Real Estate professionals. Jet Xavier introduced our agents to his High Performance Human Program … Read more