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Chambers Fleming Padstow

2 Faraday Road Padstow

02 9771 4555

02 9773 9581

rentals@professionalspadstow.com.au

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August Market Update

13 Aug 2015 Padstow 0 Comment

The Sydney auction clearance rate was down slightly to 75 per cent on the weekend. There were 850 properties listed for sale, showing that there is a wide range available for ready buyers.

We don’t believe this slight decline is anything to worry about for our sellers, as our Principal John Owsnett commented in the 3 August edition of The Torch, “…Investors are still buying homes in record numbers in Sydney, despite some recent anecdotal reports to the contrary.  And homes are still selling in record time.”

Announced earlier this month, the Reserve Bank has again left the cash rate unchanged at 2.0 per cent. It really is proving to be the ideal time to get into the market and take advantage of these historically low interest rates.

It looks like the busy spring property market is hitting our area early, with a wide range of new properties listed in the past few weeks. We have a fantastic selection of family homes, investment properties, apartments and new developments now available.

To view our range of properties now available please click here.

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