News

Investor Report December 2015

By Ian Campbell

Early Bird catches the Buyer in 2016

If you are thinking of selling next year but are waiting to see what the market will do, then take a tip … don’t wait any longer.

We recommend selling early in 2016 as the best timing to take advantage of favourable market conditions.

While many buyers are distracted by the “Silly Season” in the lead up to Christmas, we expect them to be back in force early in the New Year.

Buyer demand typically surges following a period of subdued activity from mid-December. This increased interest is often met with a frustrating undersupply of property at the beginning of a New Year. This situation, however, is good news for savvy “early bird” vendors who can take advantage of the lack of New Year supply.

Another reason to sell early is that buyers have a lot more time over January and February to inspect property. And last but certainly not least, continuing low interest rates and strong demand in our area both auger well for buying and selling.

So if you are thinking of selling, speak to one of our helpful sales team on 9331 9600. If you would like to make contact during our Christmas closure, call Principal, Ian Campbell on 0412 225 993. We close at the end of business on Wednesday December 23 and reopen on Monday January 4, 2016.

Raise More Hands

The Ray White Group is rallying Australia to Raise More Hands and hold more auctions in a two week period than ever achieved in the market.

It’s an initiative only a real estate group of our size can offer. Ray White Elizabeth Bay will be part of this exciting Group project which will revolutionise the way buyers and sellers experience real estate marketing.

For auctions scheduled between Thursday March 10 and Thursday March 24, 2016, the marketing will involve 1.5 million national liftouts in every Sunday NewsCorp paper on Sunday 28 February, an exclusive realestate.com.au campaign, an augmented reality feature to bring the print listings to life and a video to demystify the auction process.

To find out more about how you can sell your property with our team using this exciting new initiative, call one of our helpful sales team today on 9331 9600.

2015 Real Estate Rollercoaster ride

The Sydney property market certainly had some high and low points throughout the year with auction clearance rates climbing to almost 90 per cent before dipping to the high 50s. The year ended on a quiet note with average clearance rates of just over 60 per cent for Sydney. We expect 2016 to be one of consolidation with low interest rates and lack of supply in our area keeping buyer activity strong.

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