Andrew Lonsdale’s Property Report W I N T E R 2 0 2 2 Courtesy of Andrew Lonsdale & Ray White Canberra
WHAT’S HAPPENING IN OUR MARKET? Market conditions have definitely become a bit more complex in 2022, after the once-ina-generation boom we saw in the Australian property market throughout 2021. Naturally there’s some caution at the start of an interest rate hike cycle on the back of high inflation. Many people will ask themselves, is it best to take advantage of current selling conditions so you can comfortably move into the next phase of your life? Or should you wait it out and see if prices continue to rise? But will that make purchasing your next property even more expensive? It’s all really confusing, and there’s plenty to weigh up. What we do know for sure is that we have fewer homes for sale. This is good news overall as it will mean less competition when you go to sell. When markets enter a new cycle, there are typically less new listings coming to market as sellers are more cautious. This lack of new stock on the market creates a challenge for buyers to find quality property. For these reasons, in a slow market, highly desirable properties are well sought after and will often defy expectations. That’s why we still believe now is a good time to sell. The number of new listings across our group in Australia fell by 10% in April, and this means we kicked off May on the leaner side. This is good news for all our sellers as there’s less options for buyers. We know we have an average of at least four registered bidders per auction right now, and two of them are active bidders. These metrics are slightly above our long term averages and show that we still have plenty more buyers than sellers. Andrew Lonsdale Senior Sales Agent Ray White Canberra
RECENTLY SOLD BY ANDREW LONSDALE SOLD $1,200,000 SOLD $1,860,000 SOLD $880,000 SOLD $835,000 SOLD $1,700,000 SOLD $1,750,000 3 1 4 2 2 4 2 2 3 1 1 3 2 0 3 2 2 5 EER 2.0 EER 5.0 EER 4.5 EER 2.5 EER 2.0 EER 2.0 15 Castles Place, Melba 10 Gundara Street, Aranda 15/16 Morell Close, Belconnen 39 Elkedra Close, Hawker 194 Dryandra Street, O’Connor 8 Gundara Street, Aranda
RECENTLY SOLD BY ANDREW LONSDALE SOLD – Suburb record SOLD $900,000 SOLD $2,100,000 SOLD $1,197,000 SOLD $582,500 SOLD $760,000 3 2 5 2 2 4 3 2 5 2 2 2 1 1 2 2 2 3 EER 3.5 EER 4.5 EER 2.0 EER 4.5 EER 5.0 EER 4.5 37 Duterrau Crescent, Lyneham 6 Annan Close, Amaroo 27 De Salis Street, Weetangera 7/112 Blamey Crescent, Campbell 37/54B Forbes Street, Turner 1/3 Fernando Street, Bonner
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Are you curious to know the value of your property in today’s market? Request a free market review and we’ll provide you with an area profile, recent sales and listing activity and more. At Ray White we tailor packages to your specific needs and goals. HOW MUCH IS MY PROPERTY WORTH? To receive a free market report or arrange your no obligation property appraisal, call or text Andrew Lonsdale on 0428 486 692 SAMPLE SAMPLE SAMPLE
YOUR LOCAL AREA EXPERT Excellent advice and assistance “Andrew is an excellent agent and an excellent communicator. He shared advice and provided assistance to enable me to get a top price for the property. Andrew offered information about recommended renovations and the names of very good tradespeople to undertake the relevant work. He advised me of the outcomes of all the open houses and complemented my sister and I about the work we had done on the home. Thank you Andrew for your assistance - I would give you 11 out of 10 if I could.” Penne – Vendor Positively professional “Thank you and all members of Team Lonsdale, again, for your professionalism in relation to achieving a very positive sale result on my Chifley property. The advice provided, and trades arranged in upgrading various aspects of the unit was well worth it. The marketing was terrific, the photos were super.” Richard – Vendor Hard working, highly recommended “Trust the process! Andrew did a fantastic job with the sale of our property. From the start he was able to guide us through the process, gave us tips on what we needed to do to present our house in the best possible way. He and Bradley worked really hard to make sure we had great interest for the auction. We highly recommend Andrew and his team.” Di – Vendor Andrew Lonsdale Senior Sales Agent Ray White Canberra 0428 486 692 andrew.lonsdale@raywhite.com teamlonsdale_raywhitecanberra Team Lonsdale facebook.com/andrewlonsdaleraywhitecanberra
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