Belle Property St Ives

During the second quarter we saw a Coalition election win, a u-turn from APRA easing lending restrictions and auction clearance rates rising to a 2 year high. With low volumes of stock, buyer demand begins to outstrip supply. My prediction for the next 6 months is a positive one, particularly for sellers.The major contributors of this buyer confidence are unlikely to change and money is the cheapest we’ve ever seen with the cash rate sitting at a record low 1%. Competition for quality property will rise and sellers will benefit. Please get in touch to discuss any of your property needs, I welcome your call. The last 6 months in the property market saw a vast contrast from beginning to end. The first quarter of the year were some of the worst I have seen in my 20 years selling real estate. Buyer inspection numbers were at all time lows, sellers were forced to discount prices heavily to meet the market and owner-occupier lending was down by 5%. Combined with a state election, Easter and Anzac Day the fear driven crisis rolled on and saw prices fall 15-20% from the peak of June 2017. Many were concerned when the decline would end with some doomsdayers even predicting prices would fall another 40%. They were wrong of course as we finished the Financial Year on the back of strong results and a return to buyer confidence in the market. WELCOME A WORD FROM MICHAEL DORAN BELLE PROPERTY | 0401 920 949