November 2010
Market Report Cooee
Deanne Lamprey and the First National Burnie Team are 100% committed to keeping you totally up to date with all property activity in the Burnie area. This quarterly report will allow you to keep your finger on the pulse and help you monitor your own property’s position in the current market conditions. While most eyes were diverted to the Melbourne Cup event on November 2, the Reserve Bank of Australia (RBA) board unpredictably shifted the official cash rate up by 25 basis points. As consumer confidence continues to fall in the face of increasing concerns over future rate rises along with the strong possibility that living costs will continue to rise there are some simple steps we advise homeowners should consider when planning for these future interest rate rises and in turn hopefully avoid unnecessary stress.
Minimise the home loan balance by paying off as much as possible Consider refinancing or at least ensuring the valuation of your house is up to date Prepare a budget and factor in rates 2 per cent above the actual current level. Consolidate Debt by putting all debts under the one umbrella – the housing loan. Home loan rates are often much lower than those of credit cards or car and personal loans.
Your home is not just your major asset, it is also where you live, so it is important that it does not cause you stress If you would like us to help you reach your property goals or are just curious as to your property’s current sales potential, please don't hesitate to contact the sales team anytime on 03 6431 4544 or email sales@burniefirstnational.com.au. Deanne Lamprey Managing Director
Cooee Market Snap Shot How many properties sold over the past 3 months.
2
How many properties are for sale in Cooee
11
What is the highest sale price in Cooee in the last 3 months
$320,000 Poke Street
What is the lowest sale price in Cooee in the last 3 months
$285,000 Saundridge Rd
What is the average sale price in Cooee over the last 3 months
$302,500
What is the average days on Market in Cooee over the last 3 months
347
What is the average weekly rental in Cooee with First National Burnie
$175
03 6431 4544 burniefirstnational.com.au
Recent Sales Cooee Sales Information based on settlement dates recorded with the Lands Titles Office, RP Data, REIT & *First National Burnie. Here’s a sample of recent sales in your area...
Property Address
Sold Date
List Price
Sold Price
31 Saundridge Road
Aug 2010
$359,000
$285,000
7 Poke Street
Oct 2010
$650,000
$320,000
Bed 4
Bath 2
Car 1
Days on Market
Land 1449sqm
494 201
Median Sale Price Cooee - 2001 to 2010 YTD $300,000 $280,000 $260,000 $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $2001
2002
2003
2004
2005 Cooee
Disclaimer: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements. Recipients should make their own enquiries to verify the information contained in this document.
2006
2007
2008
2009
YTD
Burnie Municipality
03 6431 4544 burniefirstnational.com.au