Market Review –
Ray White Blackheath got off to a good start for 2012 selling 2 out of 4 properties ‘Under the Hammer’ at their first Auction on the 26th February. The campaign went well with good numbers through the open homes and offers on all 4 properties on Auction day. Private treaty properties have also benefited from the increased buyer numbers in February.
Nationally, a Sydney Morning Herald article said the Greek deal has helped push the Australian share market higher and gives the Reserve Bank even less reason to cut rates when it meets in early March.
The latest finalised auction data from property researcher APM showed healthy clearance rates, Sydney’s clearance rate was 58%, while Melbourne sat on 62%. Brisbane fell slightly to 30% and Adelaide was also down at 21%.
The Upper Blue Mountains property market continues to demonstrate resilience, supported by the region’s lifestyle appeal, established communities and ongoing interest from buyers seeking an alternative to Sydney’s housing market. While buyers remain active, the market has become increasingly selective. Purchasers are taking more time to compare properties, assess value and consider the cost … […]
The Upper Blue Mountains property market continues to demonstrate resilience, with buyer demand remaining steady across a diverse range of purchaser groups, including local owner-occupiers, Sydney tree-changers, investors and retirees. While the number of transactions has eased compared to the same period last year, property values have continued to strengthen and homes are selling more … […]