With only 5 weeks to go until Christmas it is a busy time of year, with gift shopping, festive get-togethers, last minute house cleaning before the in-laws arrive and holiday planning.
The local property market is busy also, and is showing no signs of slowing in the lead up to Christmas. There are a host of factors that are driving the current market, including record low interest rates, the upgrade of the Great Western Highway, reducing commuting times, unaffordable Sydney house prices and our proximity to Sydney. Sydney has the strongest economy in Australia with an unemployment rate of just 5%. This has supported continued demand for owner occupied homes and rental properties in the local area.
If you would like a more detailed report of the local property market call the office on 02 4787 8797 or email jessica.ridder@raywhite.com and request a free Suburb Snapshot.
Unseasonably hot August auctions! Bidders flocked to the streets in crowds across the country today, with many agents and auctioneers commenting on confidence in bidding and the feeling of Spring in the air. Australasia’s largest real estate group reported a preliminary clearance rate of 70 per cent nationally. The city … Read more
Blue Mountains property market June 2024 – If the first weekend of winter was a sign of things to come then we are in for a strong Winter selling season. In the Blue Mountains many buyers started their long weekend by inspecting a property for sale. Inspections rates were definitely … Read more