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What happened to the markets in June 2016?

By Jessica Ridder

The local Winter realestatemarket is showing no signs of slowing down with the cooler weather, with low stock levels and high buyer demand, prices are holding firm. We normally run 10-15 open homes every weekend but at the moment with low stock levels we are only running 4-5 open homes. Buyer numbers are still good through these opens resulting in multiple offers on properties and sellers receiving offers above their expectations. It is definitely a sellers market at the moment.

With the Federal election on Saturday, speculation about the future of negative gearing and the traditional glut of property that hits the market in Spring, present times may prove to be peak selling conditions.

Our next Auction is scheduled for the 7th August at 12pm at Blackheath Golf Club. Everyone is welcome to attend, it is a great way to educate yourself on current market conditions.

Another way to keep up to date with property prices is our quarterly market report. If you would like to receive our winter market report detailing average sale prices and recent sales in your suburb please reply to this email.

(Photo courtesy of the Daily Telegraph)

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