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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O’Sullivan Road, Bellevue Hill was lit up Wednesday night and just for a moment you could’ve mistaken you were at a Million Dollar Listing LA launch event. Agents from the leading group Ray White Double Bay hosted a VIP Event to launch 133 O’Sullivan Road, Bellevue Hill to market. Agents … Read more
NIC Krasonstein and Elliott Placks from leading eastern suburbs agency Ray White Double Bay have sold a luxury five bedroom residence at 26b Caledonia Street, Paddington for the second highest price in Paddington this year. Located in an exclusive enclave, the 232sq m parcel with rare 8.5m frontage had an … Read more