Friday, June 14, 2013

May Real Estate Market Update For Toongabbie, Girraween, and Seven Hills


Hi there,

What a month it has been!
Over the past couple of months we have experienced extreme change in the local market place.

What we've seen is...

• Interest rates are now the lowest they have been in 53 years! This is attracting a massive amount of buyers to the market to take advantage of these low rates.


• This along with the amount of properties on the market being the lowest they have been since 2003 has resulted in a complete blowout in our open home numbers resulting in fierce competition between buyers and lead to...

• The majority of properties that we are putting to the market have not lasting more than 7 days before being secured at the FIRST OPEN HOME on the Saturday.


When 2011 ended we all thought we saw the last of the BEST real estate market this area had ever seen. However April 2013 has shown us that this is not the case.

The market we find ourselves in RIGHT NOW is showing activity greater than what we experienced leading up to the end of the First Home Buyer stamp duty exemption period in 2011.

If you are considering buying or selling in the near future then NOW is the time to take advantage of this marketplace.


Produced by:
Jhai Mitchell
Internet Marketing Business Development Manager
Elders Real Estate Toongabbie

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