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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Director of Property Management, Margie, began her journey into Property Management driven by a desire for a more exciting career path. What started as a receptionist role at her local Real Estate Agency quickly evolved into opening her own office, before taking the bold step of merging her rent … Read more
The rental landscape is set to shift in 2025 with new legislative changes to create a fairer and more transparent framework for tenants and landlords alike. These updates will affect rent increases, tenancy agreements, notice periods, pet ownership, and rent payment methods. Here’s what you need to know: Rent Increases … Read more