belle property market yeronga

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a message from bettina and sean
yeronga quarterly marketplace - winter 2015
the reserve bank has decided to follow up its february rate cut with a further cut over may reflecting
continuing concerns over the state of the national economy. the bank cut official rates by another 0.25
percent to bring the official cash rate to a record low 2.0 percent. the action in may by the reserve
bank follows the february cut which broke a sequence of 16 consecutive months of steady rates.
housing market activity has continued to strengthen in most capital cities with lower rates and rising
confidence fuelling higher buyer activity. auction activity in sydney, melbourne and brisbane has
tracked at or near record levels over april and into may.
although rates have been cut for may the bias for future action from the bank likely remains
downwards. this however will be tested by the negative economic aspects of the current record low
levels of rates and strongly rising housing market activity.
yeronga had 102 house sales in the last 12 months and 77 units sales over the same period. the
average house price is now at $688,000 in yeronga and for units it is $445,000.
if you’re interested in selling, or would just like an appraisal of where your property sits in the current
market, please feel free to give us a call today for a free, no obligation comparative market analysis.
yours sincerely,
bettina and sean
belle property south brisbane office
52 merivale street
south brisbane qld 4101
3333 1000
bettina jude
director
0401 002 897
sean parsons
sales and marketing consultant
0447 222 676