Quarterly Real Estate Market Update - Spring 2010
Not long to go until Christmas and the Real Estate
market has seen a record amount of properties come
onto the market for sale over the past month. Last
Saturday, the Manly Daily had a 200 page Gloss Real
Estate section, the biggest edition ever.
With offi cial interest rates increasing on Tuesday
2nd November by 0.25% and the extra supply of
properties for sale we are starting to see price growth
slow down. From this we feel the next 3 to 6 months
will offer a fantastic opportunity for families looking to
upgrade their home. The slow down in prices is mostly
affecting the more expensive properties with the best
demand from buyers being up to $2,000,000.
At Raine & Horne Seaforth
we have had a great last
few months which included
selling our 4th property in
Cutler Road, Clontarf in a 7
month period. We are also
seeing several overseas based property owners
looking at selling their properties to take advantage
of the strong Australian dollar and then re-invest the
money in property markets in other parts of the world.
If you need any assistance with a property matter we
would welcome the opportunity to assist you and can
be contacted on (02) 9948 2020.
 Jason Guildea
Principal - Raine & Horne Seaforth
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