Rate increase pause possible
Inspection numbers were up over the past weekend with nice weather and somewhat dovish remarks from the Reserve Bank Governor, Philip Lowe, following the last interest rate rise last week. It is possible the RBA will consider a pause to the current...
Inspection numbers were up over the past weekend with nice weather and somewhat dovish remarks from the Reserve Bank Governor, Philip Lowe, following the last interest rate rise last week.
It is possible the RBA will consider a pause to the current interest rate increases in coming months. This will be great news for real estate vendors as buyers continue to shy away from purchasing in the current market.
A popular auction on the weekend proved successful for the out-of-town agent Rowan Impey from McGrath Engadine. A deceased estate on a double block at 14 Broadridge Street, Wombarra had the interest of owner occupiers and developers. The 2,637 sq/m site was relatively flat and will have breathtaking ocean views if developed. It was the developers who pushed the price up to the final price of $3,261,000 (although this was below reserve of $3,400,000).
A number of other notable sales over the past week are below:
- Lot 20 Werrong Road Helensburgh $1,225,000 by Mattias Samuelsson from Ray White Helensburgh
- 4 Arunta Drive, Thirroul $1,400,000 by Michael O’Neil Real Estate Thirroul
- 12 Stuart Street, Helensburgh $1,200,000 by Ron Kissell Ray White Helensburgh
- 482 Lawrence Hargrave Drive, Wombarra $2,905,000 by Ron Kissell Ray White Helensburgh
