Auction Clearance Rates for the week ending 18 July

HOT TIPS - All About Homeloans

Presented by Joshua Wygoda featuring special guest Mark Meekin of Century 21 Home Loans

Auction Clearance Rates for the week ending 11 July

JUST SOLD - 1 Reginald St Mosman

JUST SOLD - 1 REGINALD ST MOSMAN

DIRECTLY AFTER AUCTION

FOR A FANTASTIC PRICE!

Contact Joshua Wygoda 0414 666 190 or Emily Jessee 0404 721 546 for more details

Another Century 21 Mosman success!!

Auction Clearance Rates for the Week ending 4 July

Market Update - End of Financial Year Wrap

As we enter a new financial year this is the perfect opportunity to reflect on the past 12 months and the many changes we have seen with the property market. Most notably have been the volatile auction clearance rates with an emerging downward trend. However, this has not resulted in lower sale prices. In fact, property prices in Australia have actually increased by 12% over the past year.

We have also seen a decrease in stock levels, with some experts reporting an Australia-wide housing shortage. Despite this, from our recent experiences we can confirm that there still plenty of genuine buyers looking to buy quality homes and apartments, including a resurgence of property investors who are now looking to real estate investment as a more stable investment compared to the volatility of the global share markets.

The Reserve Bank of Australia this week has announced the interest rates would remain unchanged for the time being. This is a positive outcome for creating further certainty in the property market.

Despite conflicting and confusing media reports, changes to interest rates and worldwide economic uncertainty, the outlook is positive for the Australian property market and continues to be a smart investment with stability and capital growth even through uncertain economic times. Trends over the past 5 years tell the real story (see graph). While Australian shares have only gained 2.2%, Australian property values are up 42.4% over 5 years. Even looking at the trends over the past 12 months the Australian share market is up only 9.5% versus the Australian property gaining 12%.

Please feel free to contact us anytime for assistance buying or selling in the changing market.

All the best,

Joshua Wygoda & Emily Jessee
0414 666 190 / 0404 721 546
www.century21mosman.com

Hot Property - 1 Reginald Street Mosman

AUCTION in 1 week!! SATURDAY 10 JULY @ 3PM

FINAL INSPECTIONS
Saturday 3 July 12.00-12.45
Thursday 8 July 12.00-12.45
Saturday 10 July 12.00-12.45


Please call us for more information:
Joshua Wygoda 0414 666 190
Emily Jessee 0404 721 546