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Winter 2014 Quarterly Newsletter

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Posted on Tuesday, 15 July 2014 by Website Administrator

Is the boom coming to an end?

Figures from the Australian Bureau of Statistics last week show residential property prices for Sydney increase by 15.7% from March quarter 2013 to March 2014. We have also seen in the last 8 weeks auction clearance rate fall from a high of 85% in February and March down to 75% last weekend.

Yes the rate of price growth will start to slow down soon. However we expect it slow to a rate of 5% to 10%. There is still a large shortage of properties for sale on the Lower Northern Beaches. The historical average number of properties for sale in Seaforth for May is about 42. There is currently only 17 properties available. This shortage will continue to keep price growth firm for the next 6 months as there is such strong buyer demand.

In other news we have just finished our “Tips on how to present your property for sale and get more money”. If you would like a copy sent to you please contact Veronica Pontey in our office on 9948 2020.

Best Wishes

Jason Guildea

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Posted on Tuesday, 15 July 2014 by Website Administrator

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