A Clear Message

16 Apr

The message is CLEAR..

The recent decision from the RBA (Reserve Bank of Australia), to hold the current cash interest rate at 3.6%, sent a clear message that they are ready to take stock and assess the economic impact of the rapid rate rising cycle to date, which was used to try and contain out of control inflation levels..

A key factor on whether rates remain on hold, or go further up or down from here, will be how quickly inflation falls towards the target range. Now while this pause does not necessarily mean that interest rate hikes are completely done. It does indicate that the end to this rate tightening cycle is coming to an end, there is light at the end of the tunnell and we may only see 1 further rate hike in the wings for now..

Despite the last 14 months and the property market now experiencing the highest interest rates since 2012. Over the past month, national dwelling values rose by +0.6%, following almost 6+ months of steady decline. Now +0.6% growth may not seem like much, however with these first green shoots starting to emerge, consumer sentiment and confidence is improving. It's been very clear to see on the ground at open homes and auctions the immediate impact on buyers language being more positive and a surge in buyer and sales activity..

To catch the FULL ARTICLE by Tim Lawless (Executive Research Director for RP Data Core Logic), CLICK HERE to read or HIT the IMAGE below..

This Week C+M Also COVERS:

Clear MESSAGE..
C+M Market Activity & Clearance Rates..
Get your INSTANT Property Price Online.?
Your Suburbs SOLD Results..
Quote of the Week..

C+M Market Activity Past 7 DAYS..

The week's PRE-MARKET and YET to be Photographed homes:

2/112 Daley St, Glenroy: Nest or Invest Townhome, Off Market..
16 Hamilton St, Broadmeadows: Large Family Home, Coming Soon..
13 John St, Oak Park: 4-Bed Home, Coming Soon..
57 Domain St, Hadfield: Brick Family Home, Coming Soon..
35 Evell St, Glenroy: Neat Family Home, Coming Soon..

The week's NEWEST home to market at C+M Residential:

1/15 Hyde St, Hadfield: Fully Updated Front Dual-Occ: $675k - $715k
37 Warwick Rd, Pascoe Vale: Investors Dream: $700k - $770k
3/59-61 Isla Ave, Glenroy: 3-Bed & 3-Bath Beauty: $690k - $750k
33 Tassell St, Hadfield: Lux Living, By Important Only: Contact Agent
2/24 Park St, Pascoe Vale: In the Zone: $525k - $575k
3/178 Glenroy Rd, Glenroy: Easy Breezy Living: $445k - $485k
5/24 Leighton Cres, Fawkner: Large Townhome Not to be Missed: $660k - $690k
8/24 Leighton Cres, Fawkner: Contempary Stunner: $565k - $595k
9/24 Leighton Cres, Fawkner: 4-Bed Beauty: $700k - $750k

The week's local SOLD results at C+M Residential:

9 Irvine St, Pascoe Vale: SOLD @ Private Sale: $1,916,000
2/31-33 Davies St, Hadfield: SOLD @ Private Sale: $600,000
3/9 Edith St, Oak Park: SOLD @ Private Sale: $645,000
1/12 Hilda St, Glenroy: SOLD @ Private Sale: $705,000
2/38 Harold St, Glenroy: SOLD @ Auction: $814,000

Get Your INSTANT Property Price.?

Like to know your INSTANT Property Price estimate online. Request yours now by simply CLICKING the IMAGE below or this LINK HERE.

*If you would prefer to BOOK in a more accurate Property Price Check in person with one of our team, you can request this as well.

Auction STATS:
8th April '23

*preliminary results based on Sundays Data from realestate.com.au

  
    STATISTIC
    DATE
    No. or %    
  

    Results Available
    This Week
    597
  

    SOLD @ Auction
    This Week
    275
  

    SOLD Prior
    This Week
    114
  

    Clearance Rate
    This Week
    66%
  

    SOLD after Auction
    This Week
    8
  

    Withdrawn
    This Week
    85
  

    Total Scheduled
    This Week
    783
  

    PASSED IN
    This Week
    115
  