RH ASHFIELD Monthly Property Newsletter 2019
(Updated every end of month)
Will 2019 End with a...BOOM!
By the end of 2018, all signs by the industry experts led to an inevitable property bust for 2019. However, with a number of interest rate cuts this year buyer confidence has picked up during Spring offering hope for a strong December quarter of sales.
Though economists warn that this period won’t last, with interest rates not expecting to rise anytime soon, now seems a good time for buyers to line up their ducks in a row and be ready to make a quick decision if they are to be successful in bidding on a property.
Meanwhile, in the Rental Market, the last REINSW Residential Vacancy Rate report reveals rental vacancies in Sydney dropped to their lowest rate this year with the total vacancies across Sydney now sitting at 2.9%.Spring is traditionally the best season to find tenants and while rental returns are still moderate, with landlords often reducing rent for new lettings, industry experts are encouraging landlords to sign new tenants for 12 month leases, so any potential vacancies will fall around this time next year, when conditions should have improved.
For all your Sales & Property Management needs, contact Raine & Horne Ashfield on 9799 2999.