Ray White Peregian

What’s happening in your market Nowwith the Federal Election done and dusted, in the words of our Prime Minister, ‘it’s business as usual’; after the Liberal-National Party defied all the pollsters and swept into victory with a majority government. Widely welcomed by the business community, the stock market reacted positively and property professionals across the nation are reporting increased enquiry and activity as a result. The stability of the government, the fact there will be no changes to negative gearing or capital gains tax, and the incentive for first home buyers, should all work to inject some confidence back into the market. The uncertainty of the outcome of the Federal election and the Haines Royal Commission into banking saw the year start off very tentatively; however, the financial markets have embraced the stability and the effect will spread to other sectors of the economy, including the housing market. The Reserve Bank’s June interest rate reduction is yet another to boost confidence and in turn the buoyancy of the market. The incentive package surrounding the deposit for first home buyers will surely make some type of impact; along with some proposed changes by APRA that have flagged lowering the interest rate floor currently used by lending institutions, which will likely increase the maximum borrowing capacity for many borrowers. We are not out of the woods yet, as there are still challenges including tighter lending restrictions and lowwage growth in particular, but things are certainly looking brighter. Here at RayWhite Peregian, we have immediately seen an improvement in confidence from both buyers and sellers, along with heightened enquiry. We are not predicting a major increase or decrease in prices in the near future; and are hopeful of a recovery from the short downturn of early 2019. We are still achieving excellent results across Peregian Beach and surrounds, particularly in the blue-chip beachside sector. A standout sale was 13 Piper Street, and an off-market beachfront sale (details to be released soon): positive signs in a softer local market. Although turnover is down, listings are up only slightly, so there is still pressure for buyers to pay a reasonable price - they are not quite in the box seat. In these more challenging times, it is critical to engage the services of a well-established reputable traditional style agency to secure the optimum result. There is a plethora of newer style ‘virtual’ agents who work from home and have no shop front, and their results (or lack of) generally speak for themselves, with many disappearing as quickly as they pop up. We are here for the long-haul and have a proven track record in performing at the very highest level across all market conditions. Our agency won RateMyAgent awards for both total sales and recommendations for 2019 in Peregian Beach. RayWhite Peregian currently have the three most recommended agents in Peregian with a 44%market share, and we continue to strive to deliver exceptional service. Robbie Neller Principal, RayWhite Peregian