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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A NEW era has dawned at arguably the most long-standing and successful real estate agencies in Australasia, with Elliott Placks, now the Managing Director of Ray White Double Bay, in Sydney’s premier eastern suburbs. An elite sales performer Mr Placks has been at Ray White Double Bay for the last … Read more
As reported by Stephen Lacey | March 14, 2018 full story here From cool to daggy and back to catwalk cool again. That pretty much sums up the recent history of Double Bay. Turn back the clock to the 1960s. Australia was not exactly the most sophisticated place to be. What … Read more