Wednesday, 31 August 2011

Is it time for another boom?

Tomorrow is the first day of spring, although, given the warm weather recently you could be forgiven for thinking that it had started a few weeks ago.

With spring comes the annual influx of buyers. More calls to our office, more email enquiries in our inboxes and great crowds at our open houses every Saturday.

If I were thinking of selling my home and trading up (or down) I couldn't pick a better time.

In our latest newsletter I ask if it is time for another "boom" in property prices. After all, there are a few indicators which bear consideration.

For example, the last boom was in 2004, 7 years ago. The rental market continues strongly with more tenants than homes for them to occupy. The share market is a disaster with prices plummeting daily. And there's a lot of talk in finance circles that interest rates will fall over the next 12 months.

So, are prices on the way up? Find out by asking for a copy of our latest newsletter. This month we also include our annual review of the property market for each suburb in Campbelltown. Drop me an email if you would like a copy ...

Friday, 26 August 2011

Is the property market "weak" at the moment?

Going by all reports you read in the papers and online you would think the property market was weak at the moment with prices falling and buyers few and far between.

Unfortunately, these reports are concerned with the Sydney market, not the Campbelltown market.

Is there a difference, I hear you say? Yes, there is!

Campbelltown is located 55 kilometres from Sydney and has a completely different buyer profile from that of Sydney. Buyers who might consider buying in Sydney would not think of buying in Campbelltown and vice versa.

And right now the market in Campbelltown is very healthy. Sales prices may not be increasing dramatically but sales are occurring every day. For example, May and July of this year have been record months for our office - and these things do not happen when the market is weak.

A property listed for sale today with Prudential Real Estate Campbelltown can expect to be sold in 26 days (our current average sale time).