Quarterly Market Report Courtesy of Ray White Cranbourne
The Australian market is high functioning with high turnover. There isn’t too much of a gap between buyers and sellers. We know we’re in a new cycle but there are a number of reasons why prices aren’t likely to drop dramatically. Since the RBA flagged the start of their monetary policy tightening cycle, borrowers were told to expect four to five interest rate rises. As a group we take nothing for granted and know we can achieve competition for property in any market. We’ve been in business for 120 years and right now we continue to defy the headlines. The fact is people buy and sell houses every day. They upsize, downsize, move away and move home as everyone’s personal circumstances are different. Selling is a personal decision. Some pundits are now predicting up to 20% price falls in some markets off the back of the supersized, inflation-busting rate rise. We’ve always said that we don’t have a crystal ball to predict the future and we’ve never been one to speculate. We work in the ‘now’. More worrying is a prolonged period of high inflation - which will no doubt lead to lower rates of household saving and may potentially weaken a prospective borrower’s ability to meet serviceability assessments from lenders. Our open homes numbers remain sound (10% higher foot traffic than a year ago). Our volume of sales are up on two years ago. Scheduled auctions across our group remain higher too over the last two years, and our clearances are climbing back to the mid-60% ranges - which is actually slightly above our long term average. The average days on market right now is 37, which is still a week shorter than it was five years ago. Our job has always been the same. To create competition for our sellers - and we can do that in any market. The process remains the same to market our properties as far and widely as possible for our sellers. We’ve never lost sight of that. The Sales Team Ray White Cranbourne WHAT’S HAPPENING IN OUR MARKET?
TIPS TO MAKE YOUR BIG MOVE SMOOTH Moving into your new home should be the exciting and easy part, right? Some people rate moving houses as one of the most stressful experiences you can go through, but if you get yourself organised in advance and keep it flexible, moving will be a breeze. Here are our top 12 tips. PRE-MOVE Sell, recycle, donate or dump all your unwanted items in advance. It’s so much easier to pack (and unpack) when you’re not taking junk with you. Book a removalist and get your hands on boxes well in advance. Removal companies get busy and you want to get the date that suits you. Note all the addressed mail you get as soon as you know you’re moving, and start advising change of address as you go. Clear your schedule for a couple of days. If you are moving mid-week, book at least two days off work if possible. Pack and label your boxes by room, and use a ranking number to help you know which should be unpacked first. Resist the temptation to pack similar items together that live in different rooms. Have plenty of ‘tools’ – you can never have enough newsprint, tape, scissors and black marker pens. Take photos of the electronic cable set-ups at the back of your TV & audio systems before pulling things apart, so reconnecting them at the new house is easy. ON THE DAY Finish packing your boxes before the removalists arrive. Have plenty of water and snacks on hand. Staying hydrated and energised is essential on moving day. It’s also a good idea to keep some cash handy for unexpected items like taxis and takeaways. Pack a suitcase of items you’ll need for the first night. You don’t want to be trawling through your boxes looking for PJs and toothbrushes. POST-MOVE Organise the collection of used boxes, either back to the box company, for recycling or sell/give away on Facebook Marketplace. Book a cleaner for the home you’re leaving the day after moving, rather than on the day to give yourself more time to clear everything out. Follow these tips and you’ll be cracking open that bottle of sparkling at the end of day to congratulate yourself on a job well done.
RECENT SALES IN YOUR AREA SOLD $975,000 SOLD $1,314,500 SOLD $635,000 SOLD $632,000 SOLD $1,345,000 SOLD $715,000 SOLD $775,000 SOLD $520,000 2 2 4 3 2 4 2 1 3 2 2 3 4 2 4 2 2 4 2 2 4 1 1 3 4 Towbeet Way, Botanic Ridge 8 Holloway Circuit, Botanic Ridge 13 Teviot Street, Clyde 15 Invermay Way, Clyde 40 Ramleigh Boulevard, Clyde North 79 Como Parade, Clyde North 10 Robusta Avenue, Cranbourne 20/224 Monahan’s Road, Cranbourne
SOLD $715,000 SOLD $683,000 SOLD $905,000 SOLD $900,000 SOLD $745,000 SOLD $850,000 SOLD $1,000,000 SOLD $671,000 2 2 4 2 2 3 2 2 4 2 2 3 2 2 4 2 2 4 2 2 5 2 1 3 29 Blackledge Drive, Cranbourne East 65 Broadoak Drive, Cranbourne East 19 Bellotto Street, Cranbourne North 262 Alisma Boulevard, Cranbourne North 7 Maureen Close, Cranbourne West 14 Fintona Crescent, Cranbourne West 31 Gregson Grove, Lyndhurst 64 Gregson Grove, Lyndhurst
Source: Core Logic RP Data 15 May - 15 August 2022 MEDIAN HOUSE SALE PRICE NUMBER OF HOUSE SALES Botanic Ridge 20 Clyde 43 Clyde North 122 Cranbourne 56 Cranbourne East 72 Cranbourne North 67 Cranbourne West 71 Lyndhurst 27 FAST FACTS SOLD $940,000 $698,950 $759,444 $660,000 $715,250 $743,000 $735,000 $930,000
Loan Market Pty Ltd | Australian Credit Licence 537463 | If you’d prefer not to receive marketing messages fromme, no problem, just email or call me. Make the call. 4 No obligation 4 Choice of over 60 lenders and 1,000 loan options 4 Expert advice and fast turn around times 4 Totally confidential Purchasing a property is a big investment for your future. Whether you're buying your first home, consolidating and paying off your debts or investing in your property portfolio, you need a lender who will support your long term goals. I'm here to help you find them. As an experienced mortgage broker with over 20 years in the industry, working with a broad portfolio of lenders, I would love to help you develop your strategy and find a mortgage to suit your needs. We lead our team with one focus - our clients. Whatever it is that you are looking for, we are here to help; - Purchase - Construction - Refinance - Debt Consolidation - Self Employed - Low Doc Lending - Car Loans - Personal Loans Let us help you today. Sanjhi Telang, Mortgage Broker M: 0420726544 E: sanjhi.telang@loanmarket.com.au A: Level 1, 7/9 Bakewell St, Cranbourne VIC 3977 Introducing Sanjhi Telang
After a fantastic result? Call Casey's most awarded Real Estate Agents! Ray White Cranbourne PH: 5995 2003 Level , 7-9 Bakewell Street, Cranbourne 3977 Local experts working for you LOCAL EXPERTS WORKING FOR YOU Ray White Cranbourne Level 1, 7/9 Bakewell St, Cranbourne VIC 3977 (03) 5995 2003 raywhitecranbourne.com After a fantasti lt? Call Casey’s most Real Estate Agents! Ray White r bourne
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