Monthly market wrap up

and an abundance of natural light throughout.

There are three spacious bedrooms and two fully renovated bathrooms with on-trend décor. There is a covered verandah on three sides where you can entertain or relax overlooking the stunning inground concrete pool and rolling green hills.

RIC Deverell, Chief Economist at Macquarie Group, recently commented that 2023 is set to be another big year, with the economy facing some important turning points when it comes to the cost of living, interest rates and the property market. What we have seen in the hinterland so far this year would tend to support this.

2021 Sales Agent of the Year in the Rate My Agent Awards for Cooroy and Black Mountain.

Call Warren for all your property needs.

Mr Deverell forecasts that although inflation will take time to reduce to historic averages in Australia, the headline rate is projected to begin falling in 2023. Falling inflation would in turn take pressure off the RBA to keep hiking interest rates, meaning the number and pace of rate rises are set to slow.

National home values fell 5.3 per cent in 2022 according to CoreLogic. While property prices are expected to fall further in various locations around the country this year, the market is expected to stabilise towards the second half of 2023 and possibly begin another cycle in 2024.

There is also a massive carport for four cars with high clearance, and an outdoor enclosed office ideal for anyone working from home. Another huge feature of this property is a separate cottage complete with a kitchenette and bathroom. This is the perfect five acres with a stunning home, cottage and pool. Be quick – this won’t last long.

Anecdotally we have had a strong start to the year at Wythes Real Estate. Agents Alisa Wythes and Caroline Johnston set a new benchmark in Boreen Point with their $3m sale of 1 Urunga Pl, far surpassing the previous suburb record.

Our strategic sales campaigns, large buyer list and strong buyer follow-up continue to result in shorter days on market for our sellers. 12 Carruthers Ct, Cooroy was under contract in just 12 days with agent Warren Berry; 41 Princess St, Cooran sold by Alisa and Warren in 9 days; 5 Pinbarren Court, Cooroy was

For Sale

Address: 888 Eumundi Kenilworth Road, Belli Park

Price: Offers over $1,395,000

Details: 4 bed, 3 bath, 4 car

Agents: Alisa Wythes 0415 111 370, Caroline Johnston 0409 953 311

Agency: Wythes Real Estate under contract in 12 days with Alisa.

The average sale price our agents are achieving for our clients has increased by 27 per cent year on year.

Huge congratulations to our team on being named Cooroy’s Agency of the Year for the fifth year in a row. Both our sales and rental achievements were acknowledged at the recent Rate My Agent awards.

At an individual level, Alisa won the 2023 Cooroy Agent of the Year, the third time she has taken out this award. Warren won a Trusted Agent Award for performance and transparency. These awards are based on client satisfaction and reviews so is a real testament to the dedication and commitment of our entire team.