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”
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Ray White Double Bay is proud to announce that Loan Market Double Bay has been named a finalist in the Australian Broking Awards 2024: Franchise Office of the Year, recognising their standing among the top broking professionals and businesses in Australia. The Australian Broking Awards is the pinnacle event of … Read more
Ray White Double Bay is excited to announce that the Atlas Display Suite is now open! Atlas is a private enclave of two, three and four-bedroom residences in the tranquil delights of harbourside Rose Bay. The perfect intersection between city and sea. Atlas is nestled between Bellevue Hill and Vaucluse, … Read more