RH ASHFIELD Monthly Property Newsletter 2017

Lender Wars - Still a Strong Force in the Galaxy

 

According to the latest data on mozo.com.au, no less than 30 lending providers have now made at least one  variable rate cut since the start of October, creating a sudden surge of rate competition at the tail end of the Spring property season thus coinciding with improved conditions for first home buyers.

 

At the same time, recent data from CoreLogic revealed that the overall market value of Australian homes is equivalent to four times the National GDP, higher than anywhere in the world.  So while we are at the mercy of lenders, job growth, wage growth and infrastructure growth continue to be the essential factors when we consider looking at a new property.

 

Our Sales and Property Management Teams are ready to assist you on 02 9799 2999 or [email protected]

                                               

REMINDER OF OUR XMAS TRADING HOURS

Office will be closed from Saturday 24th December to Tuesday 3rd January

 

 

                            

Recent Sales 

39 Herbert Street, Summer Hill  $1,400,000

2/4 Church Street, Ashfield  $   640,000

25A Cromwell Steet, Croydon  $1,445,000

5/26 Pembroke Street, Ashfield $981,000

68 Constitution Road, Dulwich Hill $965,000

6 John Street, Ashfield  $2,400,000

14 Russell Street, Denistone East  $1,575,000

608/17 The Esplanade, Ashfield  $774,000

1/33 Gordon Street, Burwood  $810,000 

54 Ken Tubman Drive, Maitland $1,162,000

 

 

 

 

 

 

 

 

 

 

 

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