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What happended to the markets in September 2012?

By Jessica Ridder

When International markets are discussed, it is invariably about Europe and the USA. Nothing about the remarkably strong markets immediately to the North of us. Not relevant one might hear you say? But that strength is already positively impacting on our property market. 

With confidence building in the property market and fantastic Spring weather, the Blackheath area is experiencing resurgent buyer interest, with private treaty and open home numbers strong (one of our Auction properties has had over 100 inspections in the last 3 week period).

 I hope you enjoy the information provided in our monthly newsletter, I have included below some interesting statistics for the area for the 2011/2012 Financial Year;

 * 118 homes were sold in Blackheath in the 2011-2012 Financial Year, Ray White Sold 74 of them holding a 63% market share in Blackheath.

 * Of the 5 highest recorded sales in Blackheath in the 12 months to June 30th 2012, Ray White Blackheath was responsible for 4 of them.

 * For the 12 months to June 2012 the median house price in Blackheath was $352,500. For the same period the median Blackheath house sale price for Ray White Blackheath was higher at $395,473. We achieve higher prices than the average.  (Source: Australian Property Monitors)

 If you would like a more detailed report on the local property market call the office on 02 4787 8797 and request a free Suburb Snapshot.

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