Richard Matthews News June '13 Edition

Richard Matthews News June '13 Edition from Richard Matthews Real Estate

By: Richard Matthews Real Estate  08-Jun-2013
Keywords: Property Investment, Real Estate Agent, Investment Property

If you are considering selling at auction you may want to act now. We are experiencing the lowest home loan interest rates seen in more than 50 years and this is reflected in clearance rates, which haven't been this high since the 2010 boom. APM reported an impressive 78 per cent clearance rate for Sydney on Saturday June 1. Proving to always be popular, the inner west had a phenomenal rate of 89 per cent and valuers Herron Todd White have forecast “continued strong growth” over the next four to six years. Apartments in Sydney continue to be in high demand and short supply, with an annual price increase of 3.3 per cent (RP Data). Key factors driving this trend are investors and offshore buyers, who are competing with owner-occupier families. If you are selling you may be waiting for spring to list your property, which is understandable, there is more chance of pleasant weather. However many other sellers have the same mentality, so come spring and well into summer the market can become crowded. Listing in winter could increase your exposure. Not to mention Sydney is fast becoming a seller’s market, so buyer interest is particularly high right now. A free property report and expert appraisal from the team at Richard Matthews will help you plan your next move. On the rental front Sydney properties continue to be in short supply and high demand, with the vacancy rate tightening to 1.7 per cent in April (REINSW). The vacancy rate has not been that low since April 2012. Sydney rents have increased at a healthy rate of approximately 3 to 4 per cent (RP Data). Low vacancy has increased demand for such dwellings as granny flats and studios. Many homeowners with extra land to spare are building a granny flat in their backyard as an additional income stream. NSW laws have changed so these dwellings now fall under the NSW government affordable housing scheme, making them easier to build. Whether you are searching for property to rent, looking at expanding your property portfolio or have an existing investment property that you would like managed, the Richard Matthews team can provide expert property advice. Katarina Simunic has joined the Richard Matthews team as Senior Property Manager. Extremely passionate about people and property, Katarina brings a wealth of local market knowledge to the team, with over 15 years’ experience in the area. To read her full profile please visit http://alturl.com/weep6 To discuss these topics or chat about your individual property requirements call us anytime. We would love the opportunity to assist. Call Richard 0438 389 333 or Matthew 0402 423 893. You can also catch us on Twitter @rmrestrathfield and Facebook - search 'Richard Matthews Real Estate'.

Keywords: Buy Property, Houses for Rent, Houses for Sale, Investment Property, Land for Sale, Loans & Mortgages, Property for Sale, Property Investment, Property Listings, Property Sales, Real Estate Agent, Real Estate Investments, Real Estate Listings, Real Estate Loans, Real Estate Property, Rent Property, Rental Home, Rental Properties, Rental Property, Residential Property, Residential Real Estate, Residential Real Estate Listings

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