News Archive
01 May 2006
13 September 2005
30 May 2005
07 July 2004
Market Update July 2004
Market Update
The recent proposed Property Tax changes that will be presented to Parliament, may have some far-reaching effects on our local market. The Real Estate Institute of NSW believes these changes could have a detrimental effect on the real estate market and are unfair to small property investors.
We will summarise the new changes below:
. All investment property, commercial pro...
18 June 2003
A Million Dollars
A Million Dollars
About 14 months ago we sold a property in Beacon Hill for $1.6m, which set a record for the area. We thought it would take many years to reach this level again. In recent months, we have sold 3 homes for over $1,000,000 and eight homes in the range of $850,000 to $1,000,000. It now seems that $1,000,000 is just another number and we are constantly seeing properties adver...
10 March 2003
Market Update
Quirk Road, Manly Vale $328,000
1 Bedroom security apartment with open plan lounge/ dining leading out to covered balcony.
Sturdee Pde, Dee Why $510,000
Spacious 2 bedroom unit, large open plan living area, north facing balcony with outlook.
Endeavour Drive, Beacon Hill $647,000
Three bedrooms, two spacious living areas, two ...
13 February 2003
New Year, New House
There is nearly always a surge of buying and selling activity in the property market in the new year.
More people are making lifestyle changes – in educational institutions alone people are taking on new jobs, being transferred, moving closer to their children’s new school and so on.
Even for those not changing jobs or schools, the Christmas and New Year holiday period means enough leisure t...
22 October 2002
Your Local Market
Current Trend
With interest rates holding at the current low levels the property market continues to remain quite buoyant. Buyer numbers are very strong and our buyer database continues to grow. We currently have just over 960 potential customers who are looking to purchase a home in this area. These customers are in all price ranges from $480,000 up to $1,200,000. If you are thinking of sellin...
02 May 2002
Market Still Very Buoyant
With the latest small rise in interest rates some were predicting a market slow down. This has not been the case and the market is still very strong. Buyer inquiry remains very high with strong representation at Open Houses and calls to our office. The Internet continues to be a major influence in the way people look for suitable properties to buy. The Internet not only saves time but it can cut d...
27 February 2002
MARKET UPDATE- Land Tax
"Total tax on property in NSW is forecast to provide one in four dollars of State based taxation revenue.
"The NSW Government 2001-2002 Budget - which had factored in an expected decline in sales activity rather than the increase experienced - forecast that property sector taxes in NSW would generate $3.1 billion or 20.5% of total tax revenue.
"This amount included $2.15 billion from stamp dutie...