QUARTERLY MARKET REPORT Courtesy of Ray White Cranbourne
Prices are now firmly on the move in Australia, having increased by 3.5% since the start of the year. At current rates of growth, house prices will be back to their 2022 peaks within the next two months. Buyers are expressing a frustration around availability of suitable properties as we’re sitting at approximately 10% fewer new listings compared to the same period last year. This could create a fantastic opportunity for anyone thinking of coming to market. But what about the time of the year? Some people feel winter is not the ideal time to place your property on the market, however the cooler months allow the opportunity to showcase some of your home’s features that you may not have considered. Here are a few tips to make your home feel welcoming if you are selling during the cooler months. Light it up Ensure all of your light fittings are clean and in working order. Especially with mid-week twilight open inspections, having your home brightly lit will showcase the interior features as buyers make their way into the property. Warm it up Heating should be on and fireplaces lit. Showing how cosy your property is at a cooler time of the year, can really make a house feel like a home. Let the sunshine in. Especially if you have north facing windows, open up the curtains and blinds and let the warming winter sun show your property’s year-round versatility. Keep it clean Wet outdoor areas can create havoc as people transition from outdoor to indoor spaces. Make sure you have new, clean doormats, both indoors and out. Consider asking people to remove their shoes as they move from outdoors to indoors to keep your floors and carpets fresh. Seasonality aside, the persistent shortage of new housing, rental properties and increased migration are putting pressure on the market. Buyers don’t choose to buy because the daffodils are in bloom, they’re driven by factors much more meaningful than that. If you’re considering a move, buying or selling, give our expert team a call. We look forward to helping you realize your property goals The Sales Team Ray White Cranbourne WHAT’S HAPPENING IN OUR MARKET?
Are you curious to know the new value of your property in today’s market? At Ray White Cranbourne we design marketing packages which are completely tailored to your specific needs and goals. Request a free market review and we’ll provide you with an area profile, recent sales and listing activity and more. Simply scan the QR code, enter your details and we will contact you to arrange a detailed property appraisal. Ray White Cranbourne | (03) 5995 2003 HOW MUCH IS MY PROPERTY WORTH?
RECENT SALES IN YOUR AREA SOLD $985,000 SOLD $1,170,000 SOLD $734,250 SOLD $620,000 SOLD $730,000 SOLD $650,000 SOLD $640,000 SOLD $940,000 4 2 2 4 2 2 3 2 2 4 2 2 4 2 2 3 2 2 4 2 2 3 1 2 50 Bellis Circuit, Botanic Ridge 28 Villermont Drive, Botanic Ridge 8 Forest Oak Court, Cranbourne 21 Adriatic Circuit, Clyde 5 Black Gum Circuit, Cranbourne West 38 Lemon Grove Cranbourne West 71 Willora Crescent Cranbourne West 12 Storm Avenue, Lyndhurst
SOLD $775,000 SOLD $820,000 SOLD $1,200,000 SOLD $650,000 SOLD $730,000 SOLD $590,000 SOLD $705,000 SOLD $440,000 3 2 2 4 3 2 4 2 2 3 2 2 4 2 2 3 2 2 3 1 2 2 1 1 28 Banfield Place, Lyndhurst 5 Hartland Drive, Cranbourne North 8 Maplewood Court, Cranbourne North 11 Jagger Circuit, Cranbourne East 8 Artemis Drive, Cranbourne East 16 Marklin Street, Cranbourne 19 Sloane Drive, Clyde North 2/102 Duff Street, Cranbourne
Source: Core Logic RP Data 13 April - 13 July 2023 MEDIAN HOUSE SALE PRICE NUMBER OF HOUSE SALES Botanic Ridge 35 Clyde 60 Clyde North 138 Cranbourne 55 Cranbourne East 57 Cranbourne North 52 Cranbourne West 55 Lyndhurst 39 FAST FACTS SOLD $848,000 $659,000 $725,000 $631,000 $700,000 $690,000 $625,000 $911,000
DO YOU HAVE AN INVESTMENT PROPERTY? Rental Market Analysis Effective Marketing Renter Screening Rent Collection and Financial Management Property Maintenance Legal Compliance Responsive Customer Support Are you interested in discovering the potential rental income that your investment property could generate? At Ray White Cranbourne, we take pride in offering exceptional property management services, which can help you unlock the maximum value of your valuable asset. Our team of expert property managers is dedicated to providing personalised and professional assistance to property owners like you. We understand that every property is unique, and we tailor our approach to suit your specific needs and goals. When you choose our services, you can expect: By choosing Ray White Cranbourne's property management services, you can maximise your rental income and enjoy a hassle-free investment experience. Contact our team today to learn more!
LOCAL EXPERTS WORKING FOR YOU Ray White Cranbourne Level 1, 7/9 Bakewell St, Cranbourne VIC 3977 (03) 5995 2003 raywhitecranbourne.com After a fantastic result? Call Casey’s most awarded Real Estate Agents! Ray White Cranbourne
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