Buyers shrug off rate rises and budget
Inspection numbers and sales over the past week indicate buyers are somewhat dismissive to the surprise rate rise earlier this month and there were also no signs the Federal budget caused any concerns either. Meanwhile, economists remain divided on...
Inspection numbers and sales over the past week indicate buyers are somewhat dismissive to the surprise rate rise earlier this month and there were also no signs the Federal budget caused any concerns either.
Meanwhile, economists remain divided on whether the budget will be inflation flaming or cooling, so only time will tell if the government’s plan to increase spending in a “non-inflationary” way will work.
Some notable sales over the past week to demonstrate the market’s strength:
- 12 Maxwell Crescent, Stanwell Park $3,200,000
- 32 Chippendale Place, Helensburgh $1,350,000
- 31 Old Farm Rd, Helensburgh $1,170,000
- 45 Station Rd, Otford $1,100,000
- 1/51 Redman Ave, Thirroul $1,310,000.
About the author
Ian Pepper has had a long and distinguished career as a finance and real estate professional. Originally trained as a Chartered Accountant in 1995, Ian worked in Sydney and London. He has an MBA from Macquarie Graduate School of Management and now sells real estate with Ray White Helensburgh. Ian also volunteers with local community groups including school P&Cs, sporting clubs and business chambers.
Ian advertises in the Illawarra Flame, follow him on Facebook and Instagram
