September 2007

Welcome to House Search News for September 2007

Spring has sprung! Along with it, several vendors are aiming to sell before Christmas with more listings now available in the Sydney market than previous months.
Though stock shortages still exist in some suburbs, it’s good news for buyers as sellers use the warmer weather to show off their assets.
If you are inspecting homes this Spring, remember to consider viewings at different times of day and evening, to build up a more realistic picture of what the property is like.
It’s also advisable to take a compass along if you’re after a particular aspect or outlook.

Should you prefer the services of a trusted advocate to do your searching for you, please do not hesitate to contact us or visit our website for further information. We look forward to being of service to you.

Warm Regards

Jacque Parker and Theresa McHale

Directors
House Search Australia

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Our clients are our best advertisement

Rita from Bella Vista had this to say recently about our service:

“Thankyou for your great personal service, for the constant contact and your genuine joy at reaching a fantastic conclusion in finding me my new dream home. I will recommend you to everyone- you provide a great service”

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Market Update – Sydney Property News

“Home prices soared in a ‘crazy’ weekend for the property market. A quarter acre (1000sqm) block in Turramurra with a knock-down fibro house, valued at $120 000 only 12 mths earlier, sold for $275 000. Sydney’s prices went crazy because buyers were taking advantage of the lower interest rates and the return of negative gearing in the federal budget, real estate agents said”

This excerpt from the Sydney Morning Herald front page was written in 1987, a mere 20 years ago! What an example this provides of astounding captial growth since then. Even taking inflation into account, the demand for Sydney property has remained high over the last two decades.

But is affordability now at a crisis point? Ross Gittins examines some alternatives to this question in this article. The solutions he poses may well not be popular, especially with older generations, but it’s certainly a red-hot issue that demands attention in 2007.

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Useful Links

Looking to buy, sell or rent in NSW for the first time?

Because the laws and rules can vary from state to state in Australia, it’s important that you’re familiar with the processes when buying or selling real estate or even renting.

For the most comprehensive up to date knowledge and news on property in NSW check out REINSW

This site provides a great starting point for all newcomers or for those simply wanting to refresh their real estate knowledge.

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Suburb Spotlight – Lane Cove

Well located in a popular suburb only 9km from Sydney’s CBD Lane Cove attracts a number of buyers seeking peace and quiet, yet with easy access from the city.

Some facts about Lane Cove:

• Predominant age group of 20-29yrs
• Predominantly professionals
• Over 50% owner occupied housing
• Current median price $1.066m for houses and $423 000 for units
• Average capital growth over last 10 yrs 8.47% for houses and 6.73% for units
• Approx 50% of dwellings are freestanding houses

For more information about Lane Cove please visit here