Berry Blog

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How much “Spring” is in the Spring market?

Published 5 months ago

If we can believe the media hype coming out of Sydney, then one would have to believe that the market is trending upwards, and buyers buoyed by more positive sentiment are entering the market. To back up the sentiment, Tim Lawless from CoreLogic reports that the recovery in housing values accele...

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Spring 2019 Sales Update

Published 5 months ago

Finally the housing recovery is gaining some momentum as buyers buoyed by better borrowing conditions and low interest rates are emerging once again into the market. Historically as we move towards spring there is an anticipation of new listings coming onto the market, but as we emerge from this...

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The secret is out….

Published 6 months ago

The housing recovery is gaining momentum as buyers, buoyed by better borrowing conditions, stake their claim in a smaller pool of homes on the market. With fewer properties on the market, buyers’ appetites are pushing the preliminary clearance rates up in Sydney. FOMO, the fear of missing out, ...

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Property Roundup for June 2019

Published 6 months ago

Property Values Sydney and Melbourne housing market conditions continued to improve in June, despite dwelling values still trending lower nationally, according to CoreLogic’s June 2019 Home Property Value Index. Interest rate cuts and renewed confidence in the property market are having a flow-...

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Population Growth To Push Up Housing Demand and Put a Floor Under the Recent Declines in Dwelling Values

Published 7 months ago

Over the 12 months to December 2018, the estimated residential population of Australia increased by 1.6% or by 404,783 persons. The 404,783 person increase in the population was the largest increase in raw number terms since September 2017 and it was also the third consecutive quarter in which th...

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Post-election, post-RBA interest rate cut, post the relaxation of APRA’s loan serviceability rules, what is our market snapshot now…

Published 7 months ago

Buyers that have been watching the market for months now are finally putting their hats in the ring and making their presence felt.  So what does this mean for sellers?  More inspections, more traffic through your properties, and yes even some offers -now don’t get too excited just yet, we’ve st...

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How does a cut to interest rates help the property market?

Published 7 months ago

The rate cut is likely to help stabilise price drops experienced over the last 30 months, and while this will be a welcome relief for property owners, the most significant impact on the market will be the proposed changes APRA will introduce to lower the serviceability assessment for borrowers.Co...

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The time to sit back and wait is over…

Published 8 months ago

With a win by the coalition, a likely interest rate decrease by the RBA early June, APRA looking to remove 7 per cent serviceability buffer on home loans, and another week of healthy auction clearance rates around the country, confidence is returning to the Australian property market. Some expert...

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Where to from here?

Published 8 months ago

Much to everyone’s surprise the Coalition had a resounding victory in last weeks election.  After the tumultuous months leading up to the election where we watched the property market decline significantly due to investors leaving the market, bank lending tightening up due to the Banking Royal Co...