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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WARREN Ginsberg from Ray White’s number one Australian office Ray White Double Bay breathes new life into North Bondi’s property market after selling some $24 million worth of prestige property and setting six streets records along the way. Mr Ginsberg has six new street records in the affluent suburb within … Read more
THE controversial $2.7 billion light rail system in Sydney has injected confidence into the Surry Hills property market, according to Ray White Double Bay. Nic Krasnostein, an elite agent with Ray White Double Bay, said a string of recent sales coupled with a spike in buyer enquiries on the back … Read more