Weekend Wrap: Buyers return after the election

Now the election is behind us and Labor looks set to form majority government there seemed to be more buyers around on the weekend just gone.

A few good sales also went through. Stanwell Park had its first few sales since the start of the year with 45 Lawrence Hargrave Dr going for $1,875,000 and 35 Sheridan Crescent $1,675,000 (both sales by Ray White Helensburgh).

A sale in Thirroul breached the $3m mark with 30 Kilncar Crescent, Thirroul going for $3,135,000 organised by One Agency. And a nice property sold by AM Rutty in Wombarra at 140 Morrison Avenue, Wombarra broke the $2m mark reaching $2,100,000.

Meanwhile in Helensburgh a flood of townhouses, villas and duplexes have hit the market.  One of the new duplexes went swiftly on Harper Lane for $1,240,00. And in Stanwell Tops a small house on Bendena Gardens sold quickly as well for $1,100,000. Both sales by Ray White Helensburgh.

Next week expect another interest rate rise by the RBA. The increase could be as much as 0.4% in an attempt to bring rates back to more “normal” levels.  The real estate market will likely remain flat for a period now we are in a rate rising environment and more properties on the market to choose from.