Just Listed – 3/8 Silex Road, Mosman
A fantastic freshly renovated 2-bedroom Clifton Gardens apartment. This is a rare offering - don’t miss out!
First inspection this Saturday 12-12.45.
For more details, check out the website www.century21mosman.com or call Joshua Wygoda on 0414 666 190.
Just Sold – 106/56 Spit Road, Mosman
Ultra-convenient contemporary 1-bedroom apartment
We have tons of buyers seeking executive 1-bedroom units. If you have been considering selling, give Joshua Wygoda a call on 02 9968 1700!
Just Sold - 8/11a Silex Road, Mosman
Luxury apartment with stunning harbour views
Another fantastic Clifton Gardens success for Century 21!
63 Milson Road has just sold for a fantastic price of $4.45million!
This stunning federation family home combines beautiful period features with the best of contemporary al fresco living and entertaining.
For more information, please give us a call 02 9968 1700.
This week’s interest rate announcement lifting the cash rate by 25 basis points to 4.25% comes as little surprise after RBA chief Glenn Stevens’ recent hawkish remarks about the Australian property market. Although in his official statement after the RBA Board meeting this Tuesday pointed more to growth in the Asian markets and investment in the resource sector, his sentiment towards using rate rises to control Australian housing affordability is well-publicised, with the cash rate predicted to hit 5.25% this December.
In light of the RBA’s aggressive stance on interest rates, we are of the view that if you are considering selling your home or apartment this year, now is the time to act. The buyers are still out in strength and the media is giving favourable coverage to the market. However, it is our opinion that this week’s interest rise indicates a coming plateau or dip in housing pricing.
Historically, economic recessions such as the GFC have been directly followed by a temporary bullish increase in property prices, inevitably checked by a downward market adjustment as the economy returns to normal. We’re not suggesting the bubble is about to burst, simply if you would like to maximise your sale outcome this year, now is the time to act.
Please give me a call if you would like to discuss more what the interest rate movements mean for the sale or purchase of your home.
Kind regards,
Joshua Wygoda
02 9968 1700
Century 21 Resnekov Realty - Lower North Shore property experts
