Insights into the Northern Beaches Property Market 2013

2013 is off to a flying start! Last quarter we sold a record 27 sales in three months with an average of 18 days on the market. We have not seen such a buoyant market for a number of years. For a full rundown on why we are seeing such positivity in the market, check out our quick video with statistics and information on the current market on the Northern Beaches.

northern beaches property update 2013

Main video highlights:

  1. The Australian share market is recovering quickly. This will generate & replenish great wealth for many Australians.
  2. China is on the surge with an 8% anticipated growth rate this year and beyond & we will potentially benefit more than any other country .
  3. We have record low interest rates with existing & new borrowers reaping the benefits, making property more affordable.
  4. We have a nationwide housing shortage & will for some time, so demand will outstrip supply in an improving sellers market.
  5. Cash & term deposits are becoming far less attractive & many people will see the time is right to switch from cash into growth assets .
  6. Rents will continue to climb in the face of the housing shortage providing investors increasing yields over the next few years.
  7. People are now investing their self-managed super funds (SMSF) directly in residential property. We believe this trend is going to continue to grow.
  8. Luxury home values are strengthening & will provide great buying for the recovering professional market buyers.

If you would like further information on the market climate in your area please don’t hesitate to contact us for a confidential discussion. If you or any of your family or friends have any real estate needs, we would be pleased to be of assistance.

For More Information,  Phone or Email Us Today!

Tim Cullen on    0424 006 855

Bernadette Cullen on    0414 618 908

 

About Tim Cullen

Since joining McGrath Estate Agents 15 years ago, Tim Cullen has defined himself as a first class industry leader with an outstanding track record and rapidly growing and loyal client base. He ranked 1st on the Northern Beaches in this year’s Real Estate Business’ Top 100 Agents List and ranked 21st nationwide.