WINTER 2017
COMO
MARKET
UPDATE
In this issue What’s Sold // Market Facts // Finance Update What’s Selling // Nice Words
WELCOME HOME OPEN NUMBERS ARE UP! Most sales people and agents are reporting better viewing numbers at their home opens. Previously we saw an average of 3 per home open. This has doubled in the last month. On one home open recently, we had 40 groups through! In addition to this, we are seeing multiple offers on the same property.
The decision is being made by many owners to sell first, allow enough time to find another and then settle on theirs. Others are happy to rent once they have sold so they can put in a cash offer and beat other offers which involve finance or subject sales. As always, if you are thinking of buying or selling or would like a current market appraisal, please call me on 0406 320 938.
What buyers have realised is that: 1.
It is the time to buy
2.
Finance is cheap
3.
It’s getting harder to find the right property
Tony de Graaf There is never going to be a right time. The only time is now! Anonymous
MARKET FACTS VOLUME OF SALES By Type HOUSES
45
UNITS
16
121
65
LAND
4
SELLING
GONE
HOUSE SALES
UNIT SALES
Highest Sale
$1,500,000
Highest Sale
$865,000
Lowest Sale
$250,000
Lowest Sale
$232,500
(Source REIWA as at 25/07/2017)
FINANCE UPDATE At its latest meeting on the 1st August the RBA opted to leave the official cash rate on hold at 1.5%. This follows new data that indicates the strong Sydney and Melbourne property markets may be close to peaking following APRA’s intervention into the levels of interest only and investment lending the banks are funding. The banks however are raising rates independent to the RBA by 0.25 - 0.50%.
GONE & SELLING (JUNE QTR 2017) Gone
Brittain St COMO $1,230,000
Gone
4 x 2 x 2+
Gone
Cassey St COMO $437,500
2x1x2
McDonald St COMO $670,000
2x2x2
3x2x2
Selling
1/172 Mellville Pde COMO From $575,000 2x1x3
10/171 Labouchere Rd COMO From $499,000 1x1x1
4/58 Robert St COMO From $449,000
Saunders St COMO $507,200
3x1x2
4/14 Alston Ave COMO $799,000
3x2x2
Selling
Selling
2x1x1
4x2x2
Selling
Selling
5/188 Labouchere Rd COMO High $600’s 3x2x1
Alston Ave COMO $875,000
Gone
Selling
Selling
5/68 Gardner St COMO From $349,000
4 x 2 x 2+
Gone
Gone
Barker Ave COMO $555,000
Ruth St COMO $1,250,000
Gone
5/8 Mary St COMO From $639,000
3x2x2
Selling
2x1x2
6/1a Hobbs Ave COMO From $228,000
1x1x1
Tony was an absolute pleasure to deal with! He was genuine and earned my trust and the trust of my family who were heavily involved in the purchase. If I was to ever sell my home or I was looking to buy my next property, I know that I would go straight to Tony for his assistance again. C. O’Connell
“Tony
responded quickly to queries and
made the property available for viewings, often on short notice. He impressed us with both
his
knowledge of the market, and of the contract creating process.” S. Budiseyk
IF YOU ARE CONSIDERING A MOVE SOON OR WOULD LIKE TO KNOW WHAT YOUR PROPERTY IS WORTH IN TODAY’S MARKET, PLEASE CONTACT ME AT ANY TIME
Tony de Graaf
SALES EXECUTIVE
0406 320 938 tony@bourkes.com.au If you’d prefer to receive this report by email, please email me your details. 272 Canning Highway COMO / 08 9474 2000 / bourkes.com.au Connect with Bourkes /Bourkes.Property /@Bourkes_Property /BourkesTV /Bourkes