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Today’s RBA Board Meeting has INCREASED Cash rates from 3.35% to 3.60% (+0.25%)
Interestingly, we are seeing investment properties lead the way on the percentiles of properties entering the market. Properties that were purchased 2020 & 2021 predominantly may be under some pricing pressure due to the declines in capital growths as stated by the recent release of Core Logic data.
Adding value to your property has often provided a good landscape for price outcome, however, recent inflated building costs may suggest otherwise.
Our recent sale campaigns have revealed a positive and genuine number of actual cashed up buyers – approved, without conditions and that are genuinely seeking quality homes or investments.
Working closely with buyers and sellers in more difficult times is based on experience.
If you would like your property asset or home appraised in today’s environment, please give me a call today on
0408 007 390.
These are the registered buyers seeking property with us presently: One of these parties may suit your desirable outcome today!
* Manly family: $7m-$9m
* Freshwater family: renting now seeking home up to $2,900,000
* Mosman family: seeking home near the beach, finished $10m
* Collaroy family: seeking a family home $8m-$9m
* NB family: seeking home close to beach $8m-$12m
* Down Sizers: Apartment, no stairs $2m-$2.9m or lift access
* Down Sizers: Apartment/Duplex, views $4m
* Down Sizers: Ground floor or lift access apartment $1.5m-$2.1m
* Cremorne family: weekender, land/knock over or finished $3m-$8m
* Manly family: already sold looking up to $7m
* Mosman single: sold and looking up to $6m
* Southern Highlands family: seeking home up to $6m
* Wahroonga family: wanting large home, pool, finished dual living $14m
The list continues…
I look forward to hearing from you.
The latest statistics provided and sourced by Core Logic February 2023:
Note Well:
Core Logic estimates are often up to 90 days delayed based on settled sales only.
Freshwater:
Curl Curl:
Queenscliff:
North Manly:
North Curl Curl:
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| 8/64 Carrington Parade | ||||||
| Off Market – Contact Agent | ||||||
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| 5/62 Carrington Parade | ||||||
| For Sale – Open Wed 12pm Guide $1,900,000 | ||||||
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| 3/64 Carrington Parade | ||||||
| For Sale Off Market | ||||||
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| FRESHWATER | ||||||
| 5/110 Lawrence Street | ||||||
| Auction | ||||||
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The current economic circumstances consisting of
– higher interest rate cycles
– inflation costs
– limited wage increases
– supply delays
– potential higher unemployment
– high rents;
is quite the scope of variables each country is dealing with presently. The market has not yet seen this particular cycle under pressure as yet, but chief financial advisors are predicting more to come, and the volaltility is not over.
Dr Shane Oliver (AMP), previously stated there are are warning signs that mirrors the housing and unemployment woes experienced in the “recession we had to have” of the early 1990’s. The stock market is unusually strong and so suggesting some flight to quality aspects. The RBA and ABS historically define market trends based on three quarters of like directional movement. Too early to justify the continuation or suggestion of a recession at this moment in time.
Mark Bouris interviewed recently and states he was in the same position in 1990, and he did sell and was able to start over.
See article link:
and
RBA forecasts…
See article link:
https://theconversation.com/
and
‘Dr Doom’ Nouriel Roubini warns of impending ‘great stagflationary debt crisis’
The man dubbed “Dr Doom”, US-based economist Nouriel Roubini, is warning that the world is facing a “perfect storm” of high inflation, rising interest rates and recession that will be “the worst of all worlds for workers”.
Read in ABC News: https://stocks.apple.com/
and
