Ray White Upper North Shore

People often ask us how long the frenzied property market is going to continue? While we don’t have a crystal ball, the fundamental economic conditions which have driven the property market so far this year have continued. Key drivers to this growth remain the economy, historically low interest rates (according to the RBA, likely to remain low until 2024), government incentives, the return of investors and continued “FOMO”. While the latest round of COVID lock downs may have created doubt, our experience from the last round of lockdowns was that they focussed everyone’s attention on their living circumstances and how to improve them. These strong conditions are playing out on the streets of the Upper North Shore! The last few months have seen something quite unique for this time of year – a continued strong consumer demand but with a more typical winter lowering of supply is creating some urgency among people looking to secure a home. This is reflected in some stunning results for vendors and some very relieved and happy purchasers. Why not take advantage of these conditions. If you would like advice and assistance buying or selling, please get in touch. The Cavill Team provides unparalleled service and support to our clients and it would be a pleasure to have a confidential discussion with you any time. Anna Cavill 0401 333 981 anna.cavill@raywhite.com What’s happening in our market?