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What happened to the markets in December 2018?

By Jessica Ridder
Upper Mountains real estate market highlights
Everyone who knows the Blue Mountains, loves it, and it seems that as time goes on, more and more people are discovering the beauty of this special place. Another reason to love the Blue Mountains is that it has proven to be quite resilient in times of market down turn, in fact dwelling values across the Greater Blue Mountains LGA have held firm over the last 12months.
Of those suburbs that have experienced a decline in dwelling values, they have not dropped to the same extent that has been experienced by Sydney home owners (the Inner West has experienced the greatest drops, with dwelling values in Petersham declining 15.2% in the past 12 months ), for example Katoomba has dropped 2.9% & Mount Victoria 4.4% in property values over the last 12 months. (Source:PriceFinder).
If you are thinking of selling don’t wait until next year, get the jump on the 2019 property market and capitalise on the peak number of buyer looking at property on web portals during the Christmas holiday’s, now is the time to prepare for a January sale.
January is the most popular month for searching online for house and land packages, realestate.com.au house and land data shows. (Brendan Gore, Managing Director and CEO of residential land developer Peet)
For a more detailed Market Report for your suburb please call the office on 02 4787 8797 or email jessica.ridder@raywhite.com
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