19 December 2008
PROPERTY REPORT
The residential property market normally becomes relatively inactive during the festive season, and we are already seeing the number of properties advertised for sale falling away each week. The market won’t spark back into life until late January when the holiday season starts to wind down. Leading into 2009 it is encouraging to note that residential property values appear to have stabiliz...
28 November 2008
WEEKLY PROPERTY REPORT
This week The Organisation for Economic Cooperation and Development (OECD) stated that despite the depressed international economic environment, the impact of the financial crisis and the fall in the terms of trade should be relatively contained within Australia. The OECD expects the Australian unemployment rate will increase to 6% from 4.3...
21 November 2008
WEEKLY PROPERTY REPORT
Over the most recent week new property listings have plateaued, recording just a slight increase compared to the previous week. Total properties listed for sale have also flattened over the most recent week remaining at approximately 15,500 listings. Despite this flattening, total stock on the market remains well above the 12 month average....
14 November 2008
WEEKLY PROPERTY REPORT
The latest survey by Westpac and the Melbourne Institute shows consumer sentiment rose by 4.3 per cent in November from October, suggesting that the recent falls in interest rates and petrol prices, as well as the government’s economic stimulus package, are having a positive effect on the mindset of consumers. According to Westpac, th...
24 October 2008
WEEKLY PROPERTY REPORT
The number of new listings advertised across the market nationally has increased for the fourth successive week, suggesting that vendor confidence is improving as market conditions improve. Over the last week, 13,770 new properties were advertised for sale which sees new listings move back to around the 12 month average and represents an incr...
17 October 2008
Flood of Property Enquiries Saturate Wattle Grove Agency
Real Estate Agents in Wattle Grove are ecstatic at the extensive increase in property enquiries the first home buyer grant has initiated. A doubling of the first home buyers grant to $14,000 and a tripling to $21,000 for new homes has set off an increase in first home buyer enquiry that has not been seen for five years. Allan Dabbagh owner and Licensee of Coldwell Banker South West Rea...
16 October 2008
WEEKLY PROPERTY REPORT
The number of new listings to the market has increased for the third successive week, further suggesting that vendor confidence is improving as market conditions improve. Over the last week, 11,760 new properties were advertised for sale which still remains below the 12 month average but is continuing to trend upwards. The continued increase would probably surprise no one following from the 100 b...
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