Spring Surge – Interest Rates on Hold
With the return of the good weather, there has been a long-awaited resurgence in the Lower North Shore Property market. But it’s not just the spring sunshine reviving the market after a relatively quiet winter season – the end of the election and steady interest rates have contributed to the new buying and selling sentiment that we have seen emerge in the last few weeks.
Although the election process dragged on for longer than any of us anticipated, the market has moved on from the traditional election campaign period lull. And now that a Government has been formed, everyone is keen to get on with their lives.
Also, the announcement this week from the Reserve Bank that interest rates are on hold for the fourth consecutive month crucially reinforces a stable climate in the housing market, buoying confidence in buyers – ultimately a win for sellers as well.
After a tumultuous start to the year, a new stability has emerged in the Lower North Shore property market. We have seen a burst of new listings (see below) in just the last few weeks, which in turn is breaking the cycle of unsure sellers and attracting new buyers to the market. If you have been thinking about buying or selling, this is a great time to join the Lower North Shore resurgence and take advantage of the many opportunities in the area.
Please call us anytime if there is anything we can do to be of assistance with your next move.
All the best,
Joshua Wygoda & Emily Jessee
0414 666 190 / 0404 721 546
www.century21mosman.com
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