News
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Real Estate July Sales Results Beaumaris & Black Rock
With median prices down for the June quarter for Beaumaris & Black Rock and one of the big bank’s chief economist forecasting interest rates down too, what impact is this having on properties for sale this month. Last month the interest rate rises were forecasted to be heading up, and this month Westpac is predicting…Read More→
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Real Estate October Sales Results Beaumaris Black Rock & Surrounds
Properties for sale have increased in Bayside with little interest from buyers. This month commenced with no auctions on grand final weekend from Sandringham to Parkdale and little activity the following 2nd weekend. What we did see is a greater increase of properties for sale, eg. 18 new properties have come onto the market for…Read More→
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Real Estate November Sales Results Beaumaris Black Rock & Surrounds
The month raced off with a lower cash rate from the Reserve Bank on Cup Day but will that be enough to raise the confidence of buyers to clear property stock in Bayside. After waiting a year the Reserve bank lowered the cash rate by 25 basis points to 4.5 per cent, read the RBA full statement. …Read More→
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Real Estate September Sales Results Beaumaris & Black Rock
With interest rates on hold for the 10th consecutive month, what has this mean’t for the Spring market in Bayside? There are several observations occurring in Bayside currently. Reduction of auctions (see below figures) Number of properties passing in at auction has hit the highest level since 2008. eg. 3 out of 6 properties put…Read More→
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Real Estate August Sales Results Beaumaris & Black Rock
Starting the month with financial markets taking a tumble around the world will investors move their dollars into bricks and mortar? With a slow moving property market in Beaumaris and Black Rock this month, it doesn’t appear that many investors chose to move their money into properties. If anything, many seemed to be waiting to…Read More→
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Real Estate June Sales Results Beaumaris
Walking through the streets of Beaumaris this month of June, feedback from most of you is the belief that the property market is declining and property prices are falling. It all sounds so doom and gloom, but is this really the case. With the prospect of further interest rate rises heading for 9.4% by 2013…Read More→