Sell with Confidence
Read More
News

What happened to the markets in November 2018?

By Jessica Ridder
Upper Mountains real estate market highlights
Regional markets are traditionally more resilient than the capital cities during times of market down turn, we have experienced this locally with dwelling values across the Greater Blue Mountains LGA increasing 1.9% over the last 12months. Of those suburbs that have experienced a decline in dwelling values, they have not dropped to the same extent as what has been experienced by Sydney home owners, for example Katoomba and Wentworth Falls have dropped 1.6% in property values over the last 12 months, Leura experienced a 7.5% increase over the same period (Source:PriceFinder) .
In general we are noticing that there is more stock on the market during this traditional Spring selling season and that properties are taking longer to sell (average D.O.M are 50, up 11 on last year), this is giving buyers more properties to choose from.
For a more detailed Market Report for your suburb please call the office on 02 4787 8797 or email jessica.ridder@raywhite.com
National real estate market highlights
“The Australian housing market continued to weaken over the month, with national dwelling values falling 0.5% in September, marking twelve months of consistently falling values across CoreLogic’s national hedonic home value index. Dwelling values tracked lower across five of the eight capital cities in September while five of the seven ‘rest of state’ regions recorded a fall in values over the month.”
Values Down- Sydney -6.1%, Melbourne -3.4%, Perth – 2.8%,
Values Up – Hobart + 9.3%, Canberra +2.1%, Brisbane +0.8%, Adelaide +0.7%, Darwin +0.1%
“The housing market has slowed virtually in line with heightened levels of regulation across the finance sector and subsequently tighter lending practices and a sharp reduction in investment.”
Up to Date

Latest News

  • What are you waiting for?

    Buying and selling can be challenging during a lockdown but at Ray White we have put processes in place to make it easier to transact in this environment. We’ve been able to offer online auctions, one-on-one, and virtual inspections to maintain a COVID safe environment for potential buyers and allow … Read more

    Read Full Post

  • Invitation | Should I sell now or wait?

    We would like to invite you to our upcoming webinar on Thursday 12 August at 6pm (AEST). Should I sell now or wait? Real-time data to help you make your best decision. Register here. https://www.eventbrite.com.au/e/should-i-sell-my-property-now-or-wait-registration-165231924133 Ray White has been selling Australian property for over 100 years and in … Read more

    Read Full Post