TonyQuattroville.com.au
  • Home
  • Meet Tony
    • Profile & Video
    • Personal Stuff
    • View my Booklet
  • Reviews
  • Advice
    • August 2018
    • July 2018
    • June 2018
    • All Posts
  • Sales/Listings
    • View my Current Listings
    • View my Recent Sales
    • View my Property Videos
    • Suburb Reports >
      • North Curl Curl
      • Narraweena
      • Beacon Hill
      • Brookvale
    • oneagency.com.au
  • Contact

How's the Market? September 2014

28/8/2014

0 Comments

 
Will the Spring rush slow down our rate of growth?

Sydney and Melbourne were the only capital cities in Australia to see a gain in the last quarter ending in July.

Sydney’s dwelling values increased by 2% from April through to July, which is also a 14.8% increase from this time in 2013. This continued growth could be explained by the 16% decrease in the number of listings on the market from this time last year.

Properties are still selling fast at 30 days on average, compared to 41 days from this time in 2013. This is of course assisted by auction clearance rates remaining strong at approximately 75%.

As we head into Spring, the underlying strength of our property market will get it’s first true test. “Super Saturdays” will be approaching our auctions soon and the early Spring market is always a good indicator of just how super they will be.

But will there be a sudden influx of stock in the coming months? 

Personally, I have not seen stocks levels this low in my 30 year career, and while more property should come on the market during Spring, demand will still exceed supply.

I'd love to be able to tell you what the market looks like in December and only time will tell.

My bet is that while there are no signs of an interest rate rise in the near future, the market will continue to rise. Owners are realising the growth of their most important asset, whilst buyers are bidding away knowing that money has not been this cheap to borrow in over 60 years.

So if you have thought about moving in the near future, and have not realised the asset you are sitting on, please contact me on 0418 479 738. I’d love to help you weigh up your options.

Thanks for reading,

Tony

0 Comments



Leave a Reply.

    Author

    Tony Quattroville, Real Estate identity & Business owner, providing information to his local community. See video below:

    Archives

    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    June 2017
    May 2017
    April 2017
    February 2017
    December 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    December 2015
    November 2015
    October 2015
    September 2015
    May 2015
    April 2015
    March 2015
    February 2015
    December 2014
    November 2014
    October 2014
    August 2014
    July 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    July 2013

Ph: (02) 9905 3883 | 0418 479 738
Copyright 2018 Tony Quattroville,
 All Rights Reserved