The highly anticipated status quo of this week’s cash rate decision won’t stop market momentum heading into Spring, according to Brian White- chairman of the Ray White Group.
“Spring is the season of hope. Traditionally, sales volumes measure up to 15 per cent over the levels of the preceding Autumn/Winter months.”
“As a company we’re seeing steadily improving monthly results in post-GFC years, and most property data providers are reporting fabulous auction clearance rates and improved home values across the board.”
“These are all wonderful signs for our market nationally.”
Ray White Maroochydore Principal Dan Sowden reiterates the positive influence this will have on the local market at large.
“We are noting a considerable reduction of new property to the market, some owners are now deciding to hold their real estate as affordability increases due to softening interest rates.”
“Spring often is the best period to buy property on the coast, often a good selection is offered.”
“Our long term position is that availability of stock will reduce towards the back end of 2012, so buyers should act with confidence today.”
December Market Monitor: Ray White Coastal Living Network The Ray White Coastal Living Network’s December Market Monitor reveals a dynamic end to the year, with notable shifts in buyer activity, auction results, and private treaty sales. Here’s a snapshot of the key trends and insights from the quarter. Auction Market … Read more
The Ray White Maroochydore and Buderim offices joined forces last night to host the highly successful Auction at Altitude event at at The Altitude Nine Function Centre, marked a significant achievement in the local real estate market, drawing an impressive gathering of more than 200 people plus over 300 online … Read more