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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Flat cash rate drives spring sales

By Staff Reporter
03 September 2014 | 1 minute read

A shortage of listings and strong demand by both owner occupiers and investors could make the perfect summer selling season.

A combination of stable interest rates, a significant spike in appraisals over winter and the coming of spring may combine to create the busiest selling season of the year.

Following the Reserve Bank of Australia’s decision to keep interest rates unchanged, agents believe a direct result of the continued low interest rates, high consumer confidence and backlog of properties already appraised will continue to drive the current housing cycle.

LJ Hooker chief executive officer Grant Harrod said the "historic" low cash rate should continue to fuel the market.

He said there has been no traditional lull because there is still a shortage of listings and strong demand from owner occupiers and investors.

"We are very optimistic that this will mean more property on the market over spring, this should help alleviate the pent-up demand that has built up over the past six months," Mr Harrod said.

The good news for house hunters is the stable domestic economy, which according to LJ Hooker national research manager Mathew Tiller, makes potential buyers comfortable that mortgage repayments will remain affordable and keep investor demand strong.

"The domestic economy has thrown up little surprises that might prompt any change, which is good news for house hunters," Mr Tiller said.

Flat cash rate drives spring sales
Propertymoney
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.