Hi, I'm Sean O'Connor with your monthly market update.
Well, first-time buyers have certainly become a force to be reckoned with in parts of Sydney and the Illawarra region, with the double attraction of our stamp duty concessions and also plummeting house prices, it has certainly attracted first-time back into the market in droves.
Recent figures show that, although, house sales or property sales are down, the number of first-time buyers entering the market has certainly increased from 4% to 10% of the total sales.
This is a significant increase, and first-time buyers should take the opportunity to inspect our new listing.
This property is flatter than tile home on one level, has a large extension at the rear, a large family room, a new master bedroom, an ensuite, it has two living areas, high ceilings, timber floors, a large courtyard area, and a garage that could house up to 3 cars. So, it's an attractive home in a great location and we're sure that the first-time buyers will certainly be attracted to this property.
We recently sold a property at 6 Yates Avenue, Mount Keira, and this property certainly defied the current trend. We attracted 50 odd home-buyers through this property in the first ten days it was on the market and it sold for $780,000, which was at the top end of our price range. It was a great result for all involved and it shows that there is a very strong demand for properties around the University of Wollongong region.
Well, I'm Sean O'Connor, this has been your monthly market update and I hope to see you in one of our open homes soon.