A recent survey was conducted across Strathpine to Kallangur
on 3rd June 2013. At survey there were 125 real estate agencies
controlling the market and David Deane real estate rated NO#1 over the last six months for both house listings and sales.
Prices have flat lined since 2007. Current prices generally
represent fantastic value which is way below replacement value. If value is
what buyers want they will get no better opportunity than an extended lull in
the market which has always preceded a substantial lift in prices.
Rates remained a 53 year low
today at 2.75%. Speculation of further modest falls abound, but its near the
bottom.
Over the years we dreamed about low interest rates, never
imagining we would see less than 5% on offer! This is fantastic considering
that rental properties are returning this sort of figure in weekly rents. It
sounds like some further falls may be forthcoming.
Finally the share market is struggling. Many investors
chasing returns may well redirect their funds to residential real estate. With
a likely change federally we could expect business confidence to improve which
just might give the whole community a lift as we return to less turbulent days
and an end to the carbon tax.
So at the moment the Strathpine district can be summarised:
- Plentiful supply of good homes listed for sale
- Low prices for the last six years
- Lowest interest rates in history
- Closer now to next market lift!
Although the supply is good it will not take long for various price ranges to become short which could result in some sharp increases in price. This is what has happened historically over the last 50 years.
- Plentiful supply of good homes listed for sale
- Low prices for the last six years
- Lowest interest rates in history
- Closer now to next market lift!
Although the supply is good it will not take long for various price ranges to become short which could result in some sharp increases in price. This is what has happened historically over the last 50 years.
