Welcome to our Berry Property newsletter for June.
It’s hard to believe that we have very nearly reached the middle of the year! How is your 2019 treating you so far…? We have had an election (or two), an interest rate reduction, a little less rain than we need right now and above average temperatures for this time of year. It’s certainly been a busy 6 months for us.
In this newsletter, we check in on the sales figures in Berry to date this year and discuss the recent interest rate cut and the impact on Berry’s housing market, plus more.
Belinda Zoumis & Mark Cornish
BERRY MARKET UPDATE
The Berry property market stats so far for 2019 look a little like the following:
- 12 land sales
- 16 residential home sales
- 15 small acreage property sales
- 6 large acreage property sales
INTEREST RATES AND THE IMPACT ON BERRY’S HOUSING MARKET
Following the Reserve Bank’s official interest rate cut of 0.25% last week, the majority of the big banks have announced they will be passing on between 0.18% and the full 0.25% cut to home loan customers. So what does this mean, if anything for the property market in Berry?
We believe we are entering a period of stability. Buyers now have even more reason to capitalise on the current climate, with the lowest cash rate since the 1960’s now stabilising the uncertainties of the first half of the year. With a chance to buy homes at prices lower than two years ago, buyers confidence and demand will be re-stimulated. To be Berry specific, buyers are no longer waiting for prices to fall or “correct”. Indeed prices in Berry township have corrected and stabilised and it is great to see both the residential and land sections of our market starting to pick up as a result.
Right now is the best time for an accurate assessment of the value of your home. Give us a call on 0428 555 218 or send us an email on email@example.com to arrange a valuation.
SOLD – YOUR BERRY COTTAGE
This charming designer cottage offered an appealing lifestyle change and the purchasers of this stunning home can’t wait to make it their own!
The marketing process for this home was a little unusual compared to mainstream campaigns that other agents use. If you would like further information on our Guide to Real Estate Best Practice, please feel free to contact us.
FOR SALEView Properties
Thank you for signing up to our newsletter. We hope you find the information we provide valuable and we look forward to helping you find your dream Berry property!
Belinda & Mark