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What happened to the markets in April 2017?

By Jessica Ridder

Welcome to our April newsletter.

The local property market is very strong at the moment. We are still experiencing low stock levels and high levels of buyer enquiry, however days on market are slightly higher than at the start of the year. We are also noticing significantly higher numbers of foreign investors in the Upper Blue Mountains over the last 12 months. In response to this Ray White now translates all of their property listings into Chinese and loads them to the largest Chinese realestate web-site.

The Blackheath property market experienced a 19% jump in 2015 and a further 10.7% jump in 2016 in property prices. These favourable market conditions have continued into 2017 with many sellers achieving above their expectations.

We have a strong Auction line up this month with 5 properties going under the hammer on Sunday 23rd April, with one property sold prior (51 Leichhardt Street, Blackheath – 3 bed home SOLD for $950,000)

For a more detailed report of the local property market email jessica.ridder@raywhite.com and request a Market Report.

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