belle property west pymble

A stable and sustainable market is key, and we are in a period of adjustment where both vendors and buyers need to moderate their 'super cycle' expectations. The current reduction in auction clearance rates reflects this adjustment phase, with a high proportion of properties selling post auction. This new environment presents a great opportunity to sell your home first and then buy afterwards which was difficult in the rising market of the past 5 years. Many of our clients are taking this opportunity especially in the upcoming Spring period when the supply will increase, providing them with plenty of choice. Welcome to my half yearly report for West Pymble.This report will give you a snapshot of the local property market as well as our results over the past 6 months. In the five years following June 2012,West Pymble property values increased by 74.9% as reported by CoreLogic.This is extraordinary growth that has been propelled by consistent, record-low interest rates and foreign investment. There is little doubt that the market has slowed and declined slightly due to factors including; changes to lending criteria and a reduction in foreign investment. However small value adjustments when compared to the recent exponential five-year growth cycle should be kept in perspective. WELCOME A WORD FROM KEELAN SCOTT KEELAN SCOTT | 0431 448 778