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Is the boom coming to an end?
Figures from the Australian Bureau of Statistics last week show residential property prices for Sydney increase by 15.7% from March quarter 2013 to March 2014. We have also seen in the last 8 weeks auction clearance rate fall from a high of 85% in February and March down to 75% last weekend.
Yes the rate of price growth will start to slow down soon. However we expect it slow to a rate of 5% to 10%. There is still a large shortage of properties for sale on the Lower Northern Beaches. The historical average number of properties for sale in Seaforth for May is about 42. There is currently only 17 properties available. This shortage will continue to keep price growth firm for the next 6 months as there is such strong buyer demand.
In other news we have just finished our “Tips on how to present your property for sale and get more money”. If you would like a copy sent to you please contact Veronica Pontey in our office on 9948 2020.
Best Wishes
Jason Guildea |
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Taste of Manly - Food, Wine & Sustainability Festival
The Food, Wine and Sustainability Festival is a major community and tourism event on the Australian event calendar.
Now in its 28th year, the Taste of Manly will showcase Manly restaurants and NSW wineries, and be supported by live entertainment including music on stage, roving music and entertainment, and cooking demonstrations.
Up to 15,000 food and wine enthusiasts from Sydney and NSW, interstate and overseas flock to Manly each day to experience this Festival.
Start: Sat 31 May 2014
End: Sun 01 Jun 2014
Click here for more information
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Spike in the number of would-be landlords looking for rental homes on northern beaches
INVESTORS are big players in the northern beaches property market at the moment, buying units up to $650,000 and even snapping up houses.
Click here for more information
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| 6/3 Fairlight Crescent FAIRLIGHT |
Offers Over $549,000 |
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| Great 1 Bedroom Flat In Beachside Block |
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This sunny top floor apartment is in a prime beach side apartment block on the Manly to Spit walk right in front of stunning Fairlight Beach and it's harbour swimming pool. Situated at the back of the block towards the street in the North / East corner. |
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MORE INFORMATION |
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| 2/1 Manly Road SEAFORTH |
$1900 per week |
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| Fully Furnished Boutique Apartment on Middle Harbour SHORT TERM |
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This sophisticated apartment is one of only four exquisitely appointed seaside residences with all the glitz and glamour of Middle harbour literally a stones-throw from your door.
With direct access to the water this beautifully presented short term fully furnished boutique apartment commands a remarkable position amongst pristine parterre gardens. |
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| 3 Gordon Street CLONTARF |
$1100 per week |
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| Three Bedroom Cottage with Panoramic Views |
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A flawlessly presented, ultra-private three bedroom home showcases magnificent views that reaches past Middle Harbour, Clontarf, Chinamans Beach, Spit Bridge and Seaforth. It enjoys a select setting on the high side of one of the area's most prestigious addresses just a few minutes stroll from picturesque Clontarf Beach. |
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| 2/94 Bower Street MANLY |
$730 per week |
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| SEASIDE RETREAT IN PRIME LOCATION |
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Enviably located in arguably the Peninsula's premier street stands this perfect seaside retreat just 50 metres from Fairy Bower with its snorkeling, beach and harbour swimming pool.
This 1 bedroom ground floor security unit with beautiful alfresco entertainment area is a stroll along the promenade to Manly or have breakfast at the end of the street. |
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