Belle Property

This February the team sold 16 properties compared to 4 in the same month last year and we are on track to sell another dozen in March. We are truly in a sellers market at the moment and in discussing the Australian real estate market with many of my professional colleagues we feel that we are at the peak of the current property cycle along the east coast. If interest rates increase and Government handouts cease, this may cause the market to slow while there is less spending and more costly loans. We are happy to help guide you during this crazy time, so please reach out with any questions. I am sure you have read the papers and heard on the news, but we can certainly tell you that the last few months have been incredibly positive in the local real estate market for those selling. On the other hand it has been a difficult period for buyers and those looking to relocate to the area for rent.With a lack of stock to the sales market, many buyers have now been thrown in the mix with those prospective tenants that are also looking to moving around the region. If the lack of housing supply continues in the area, I believe that we will not see a slow down in the capital growth and rental increases. A WORD FROM BRADEN WALTERS AUTUMN MARKET UPDATE