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. 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
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 us on 9474 2000.
Alan Bourke
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
James Thompson was outstanding from start to finish. His salient advice, marketing knowledge and feedback was first class. I would recommend James to all sellers as a straight talking agent who
knows his trade
and is (always) an unashamed ambassador for the seller. After all, it is the seller that pays the fees. R & T Teuchert
“Professionalism, experience and integrity are rare in today’s world but they are very evident in Alan Bourke, who like a good wine gets better all the time.” Dr. D. Ducrow
“John Szkirpan is a fantastic agent and went above and beyond the call of duty. Very helpful with all my queries and very patient when it came to assisting me with my first home purchase. It was great dealing with you and thanks again! Would highly recommend!” J. Greenaway
“Kathryn Perin was a pleasure to work with, keeping us updated regularly on the potential buyers and conducting good negotiations with interested parties. Would definitely work with
Kathryn again.
Thanks!”
S. & K. Keen
not
We’re the newest kids on the block that’s actually why you should use BOURKES! We have over 35 years of experience in helping lots of families move home. At BOURKES, we have proven sales processes to see you move quickly. Processes NOT promises! Talk to us today about improving your lifestyle for tomorrow on 9474 2000.
272 Canning Highway COMO / 08 9474 2000 / bourkes.com.au Connect with Bourkes /Bourkes.Property /@Bourkes_Property /BourkesTV /Bourkes