Ray White Upper North Shore

What’s happening in your market With the Federal Election now a distant memory, we have seen a return to stronger confidence in the property market, resulting in higher buyer numbers and property transactions. The stability of government and the fact there are no changes to negative gearing, or capital gains have encouraged many. APRA relaxing affordability testing has stimulated buyer borrowing, and RBA interest rate cuts have further underpinned positive market sentiment. We are not predicting a significant increase or decrease in prices in the near future, and are hopeful of recovery from the short downturn of early 2019. A challenge for buyers is a downturn in stock on the market. Currently, there is a reduced number of listings on the market, which increases competition between buyers, and so the cycle continues! From April to June 2019, our team sold 46 properties at a total value of $84,000,000 which shows that confidence from buyers is returning.