Newsletter

May 2011

2011 has proven to be a positive year for the real estate market within the Lower North Shore. . Sales have remained solid amongst a steady but low supply of property amongst a stable interest rate environment. April proved to be a record month for Northside Realtors with many sales results proving to be records within their category of property We welcome the decision of the RBA keeping interest rates at 4.75% and the forecast of rates remaining at this level for the for seeable future given the high exchange rate of the Australian dollar.

This steady environment shows the underlying strength of the Australian economy and more importantly a steady base for the Real Estate market. From a sales perspective we do not see significant gains in the near future, however, we anticipate that values will remain steady in our immediate area, underpinned by the relatively low levels of stock available.

The rental market continues to go from strength to strength with exceptional demand among all price ranges, from one bedroom apartments through to substantial four bedroom homes.  The current vacancy with the Lower North Shore is approximately 1%, translating to increases in rents of approximately 5 - 10% across the board.  Not only are we seeing an increase in rents but with multiple applicants, we are able to be more selective and reduce vacancy periods.

Looking forward through 2011, we see this environment as a great time to upgrade or reposition the type of property to be invested and its location 

We welcome your enquiry.

 Email:  hello@northsiderealtors.com.au     Phone:  61 2 9906 2011