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Sales Market Update by Sean O'Connor | August 2018

Hi, I'm Sean O'Connor with your monthly market update. We are now in the middle of winter and not a lot has changed since our last update. Properties may be competitively priced and buyers become tougher to negotiate with. However we have noticed an influx of first time buyers in to the market place. As prices become slightly lower and there a lot of steam duty concessions lower into the market, first time buyers are now realizing that now is the time to buy. We've had a lot of great results over the last month. A property at 217 Mount Keira Road, Mount Keira attracted 23 buyers through the first open home. This is unprecedented result in this current climate. The property was marketed from 750,000 to 800,000 and we achieved a price of 780,000 in the second week of marketing. This was certainly a great result for all involved. Well, I'm Sean O'Connor this has been your market update. Happy house hunting and I hope to see you in one of our open homes over the coming weeks.

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