Ray White Lower North Shore

It’s hard to believe we are almost half way through the year. It’s been an interesting few months for the property market, with a distinct change in the air. There is no doubt we are seeing a change in sentiment in the marketplace. Recent media reporting suggests ‘doom and gloom’ for the remainder of the year, though be mindful that quality real estate in highly sought-after areas tends to perform better than other parts of Sydney, with higher demand and shorter supply helping to stabilise price fluctuations. The beginnings of bank driven interest rates will of course impact some buyers’ borrowing capacity, but don’t be too fearful of rates. RBA Governor Dr Philip Lowe flagged interest rates could reach a “more normal level” before the central bank stopped lifting rates, also noting that “it is time to normalise rates. We don’t need these emergency settings any more”. WHAT’S HAPPENING IN OUR MARKET? Hello I am interested in dissecting data and taking time to analyse it to provide useful insight for my clients. I hope this Mosman market update is of interest, and please do get in touch if you would like any further advice; I’m here to help in any way I can. Gemma Simons Senior Sales Advisor | LREA 0450 745 701 gemma.simons@raywhite.com