The TIPPING Point

9 July

Hello and happy Sunday, the TIPPING point. Very soon, up to 880,000 Aussies will need to find hundreds if not thousands of dollars more each month, with their fixed rates terms expiring and moving onto the current variable interest rate.

The so-called experts are calling this the 'Mortgage Cliff'. what this means for borrowers and an average household servicing the following loans is:

An average loan of $550,000 will experience a $900+ jump per month or $10,800 per year
If you have a $1mill mortgage, that jumps up by $1,700+ per month or $20,400 per year

So what does this mean for the market..? Well it isn't all doom and gloom with many other contributing factors such as:

Current LOW supply
Crazy rental prices
The increase in immigration

To watch our short VIDEO wrap-up on this topic for the month, simply HIT the image below..

This Week C+M Also COVERS:

The TIPPING Point..
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:

33 Valencia St, Glenroy: Potential PLUS, Off Market..
21 North St, Hadfield: Endless Possibilities, Off Market..
2A Bass St,Pascoe Vale: In the Zone, Coming Soon..
27 Osway St, Broadmeadows: Family Home on Large Allotment, Coming Soon..
16B Grandison Gr, Oak Park: Brand New Side-by-Side, Coming Soon..
15 Tudor St, Glenroy: Large Home, Coming Soon..
1A Stella St, Glenroy: Low Maintenance Villa, Coming Soon..
97 Valley Cres, Glenroy: Home in the Valley, Coming Soon..

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

48 OConnor St, Reservoir: Brand New Corner Home: $895k - $965k
2B Louise St, Reservoir: Luxurious Living New Home: $765k - $795k
2/9 Kiama St, Glenroy: Hassle-Free Living: $497k - $546k
3/20 Finchley Ave, Glenroy: Brick Villa Unit: $535k - $585k
3/21 First Ave, Strathmore: Quality Living in The Zone: Contact Agent

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

21 Bailey Cres, Oak Park: SOLD @ Auction: $643,000
2/21 Maragret St, Oak Park: SOLD @ Auction: $760,000
4/1 Maragret St, Oak Park: SOLD @ Auction: $657,500
47 Domain St, Hadfield: SOLD @ Private Sale: $900,000
12 Margaret St, Oak Park: SOLD @ Private Sale: $1,215,000
8/15-17 Nerissa Gr, Oak Park: SOLD @ Private Sale: $605,500
2/28 Kennedy St, Glenroy: SOLD @ Private Sale: $745,000

Book Your INSTANT Price CHECK.?

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:
9th July '23

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

  
    STATISTIC
    DATE
    No. or %    
  

    Results Available
    This Week
    521
  

    SOLD @ Auction
    This Week
    219
  

    SOLD Prior
    This Week
    98
  

    Clearance Rate
    This Week
    62%
  

    SOLD after Auction
    This Week
    7
  

    Withdrawn
    This Week
    65
  

    Total Scheduled
    This Week
    637
  

    PASSED IN
    This Week
    132
  