Ray White Lane Cove

In news this quarter, discussion continues to circulate about the election and the effect that policy changes could have on the property market. Nerida Conisbee, chief economist of REA Group, says modelling by independent consultants and both sides of government predict negative gearing restrictions will cause continued falling prices while rents will rise. According to CoreLogic, the rate of national price declines are slowing which is good news for homeowners. Dwelling values were down 0.6 per cent in March, which is actually the smallest month-on-month decline since October last year (at 0.5 per cent). All in all though, most property owners should remain in a strong equity position, with the national index 15.9 per cent higher than five years ago, reports Tim Lawless of CoreLogic. Of course, the increase in housing affordability can only mean good news for first home buyers, and their activity is increasing accordingly. If you would like more information on your property’s value, call Paul Nees today on 0432 995 847. Ray White Lane Cove have been awarded ‘Agency of the Year’ in Lane Cove and Lane Cove North for 2018 as well as ‘Top 100 Agency in Australia’ for 2018 and 2019. Customers have voted Paul Nees ‘Agent of the Year’ in Lane Cove in the 2018 RateMyAgent awards. “To be voted number one by your clients is the best compliment we can receive.” Paul Nees - Principal What’s happening in our market?