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What happened to the markets in November 2016?

By Jessica Ridder

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.

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