Bathurst Blog

One topic guaranteed to generate sensational headlines is real estate! We are told that real estate is booming, the next day they’re predicting falls of up to 20 per cent across the board. Most Australians have grown up with dinner table conversations around real estate prices. Most Australians are vitally involved as owners or tenants.

The problem is that most media commentary focuses on that elusive animal they call the “property market”. We might be told that Australian property market is overheated, or that the property market has fallen by 5.6 per cent in the last year (in Sydney), or that Perth values have fallen by 12.6 per cent after peaking in 2014 and that the Hobart market is still running hot.

But there is no such a thing as a single property market – not for Australia, not even for a single capital city – there are myriad property markets all doing their own thing. How can you compare a townhouse in Port Douglas with a similar townhouse in Point Piper or, to be clearer, an equivalent house in Manly and Mt. Druitt? All over Australia some markets may be rising, other markets may be falling, and some may be flat. Supply and demand is much localised.

Also, sales statistics are unreliable as they take no account of improvements by owners, although these can be significant.

Raine & Horne Bathurst are experienced in these market conditions and are ready to assist in any sale, purchase, lease or management. Feel free to call us at any time or call into one of our offices for a talk.