November Rental Market
There has been a sudden explosion of vacancy in November resulting in what appears to be a record level of availability across the Southern Highlands. This is creating a very competitive market and providing tenants with plenty of choice.
We are still very busy leasing, however given the high number of available properties we are experiencing some pressure on asking rents. The market shifts quickly at this time of year, so always talk to our team if current rental value is relevant to you.
For those who have an investment property managed by another agency, or are self-managing, or have been unable to sell in the current market, we are offering a cash incentive to make the switch to Highlands Property. We'd love the opportunity to share our unmatched experience and local market knowledge with you.
If you have been unable achieve your real estate goals in 2018 and you are looking to optimise your investment in the New Year, contact Victoria Tunchon on 4861 0666 and she will be more than happy to discuss current market conditions and how Highlands Property can help you achieve a positive result for your property.
November Sales Market
Sales transaction volume across the Southern Highlands is currently around half of what we are used to at this time of year. We are doing deals; however, many are as a result of altered expectations in order to get them over the line. It is, however contextual, so if you are buying in the same market, it becomes more about getting a result that enables a move, rather than fixating on a particular number. We are seeing very small numbers of buyers through open homes - buyers are light on the ground. The royal commission into banking, and consequential tightening of lending has contributed to the feeling of inertia in the air.
With plenty of stock, buyers are currently spoilt for choice so it is imperative that price and presentation of property for sale is constantly assessed.
Christmas and the end of 2018 is fast approaching! This is often a time when property owners turn to consider their property investments and financial affairs, and look to making plans and decisions for the year ahead.
Highlands Property offers no-obligation, free market appraisal of your property. You don’t have to be selling: you may want to know the current value: to check your insurance coverage; or for superannuation fund or tax purposes; or to use the equity you have to make other investments.
If you would like to take advantage of this free service, please contact our office on 4861 0666 or simply reply to this email and one of our experienced team will contact you and book in your appraisal.
Office Closure Christmas 2018 - New Year 2019
Our office will close from 5pm on Monday 24th December 2018 and re-open at 8.30am on Wed 2nd January 2019.
We wish you safe and happy holidays!
The Highlands Property and CIPS Team