We have seen consistent sales across all our offices with another two street records achieved, one at 30 Renfrew Road, Werri Beach – $3,500,000, $500,000 above the previous record, and 15 Pacific Avenue, Werri Beach – $3,900,000, $1,010,000 above the previous record, both sold by Ryan Stalgis. We had two of our rural listings in Jamberoo and Far Meadow also achieving great results.
Now to answer the big question that is on the tip of everyone’s tongue at present….Which way is the market heading for the second half of this year? We are now seeing the market stabilise and expect property prices to plateau over the next 6 months.
There has been plenty of speculation in the press about house prices dropping but we do feel quite shielded from that here in our very tightly held location. A huge oversupply of properties available to purchase would be the main catalyst for a drop in prices and we are not seeing this at all. Buyers do have a few more properties to choose from at present but the sale prices we have been able to achieve are still quite strong.