WINTER 2017
RIVERVALE
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.
Please call me today on 0413 310 330.
What buyers have realised is that:
Steven Webster
1.
It is the time to buy
2.
Finance is cheap
3.
It’s getting harder to find the right property
The secret to success is to do the common things uncommonly well. John D. Rockefeller
MARKET FACTS
(JUN QTR 2017)
VOLUME OF SALES By Type HOUSES
66
APARTMENTS
17
67
85
2
SELLING
GONE
LAND
HOUSE SALES
APARTMENT SALES
Highest Sale
$770,000
Highest Sale
$565,000
Lowest Sale
$290,000
Lowest Sale
$270,000
(Source REIWA as at 31/07/2017)
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 2017) Gone
Gladstone RIVERVALE $450,000
Gone
2x1
Gone
Lyons St RIVERVALE $290,000
3x1x2
Gone
2x1
Gone
Toorak Rd RIVERVALE $470,000
Gladstone RIVERVALE $399,000
Gone
Gladstone RIVERVALE $485,000
Selling
153a Kooyong Rd RIVERVALE $391,000 3x1x1
Selling
8/61 Hardey St BELMONT $360,000 2x2x1
Toorak Rd RIVERVALE $875,000
3x1x2
Gone
4x1x1
Gone
3x1x1
Campbell St RIVERVALE $504,500
Toorak Rd RIVERVALE $505,000
3x1x1
Gone
3x1x1
Selling
133a Gladstone Rd RIVERVALE $610,000 3x2x2
Selling
10/61 Hardey St BELMONT Auction 2x2x1
Gladstone Rd RIVERVALE $520,000 2x1x 1
Selling
5a Martin Ave RIVERVALE $629,000 4x2x2
Selling
21 Mozart Mews $450,000-$480,000
4x2x1
Steven was great to deal with, up front, honest and helpful. Steven went
out of his way
to accommodate our requests, and he is very professional as well as approachable. I would happily recommend him. C Power
“FANTASTIC SUPPORT & ASSISTANCE! Steve is a pleasure to deal with and he literally took my hand and guided me through the process as I’m interstate and it made it more challenging with the time difference. Steve met with my family on different occasions as they were my ‘eyes’ for viewing several properties and they are also happy with Steve’s assistance. Highly recommend to the property novice, who is looking at purchasing. Steve’s local knowledge was also a huge plus, living in the same area.” R Yahaya “HARD WORKING, APPROACHABLE AND KNOWLEDGEABLE! It was a great comfort and assurance for us to deal with Steve as we believe he has our best at heart. He is knowledgeable and most helpful. The whole experience of selling our house had been pleasant as he reassured and kept us well informed. Nothing is too much trouble for him. We have no hesitation in recommending him to our friends and families.” D & S Weaver
IF YOU WOULD LIKE TO KNOW WHAT YOUR PROPERTY IS WORTH IN TODAY’S MARKET, PLEASE CALL ME TODAY FOR AN OBLIGATION FREE APPRAISAL Steven Webster - Sales Director 0413 310 330 steven@bourkes.com.au If you’d prefer to receive this report by email, please email me your details.
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