Your February [ MARKET PULSE ]

25 Feb

Happy February.. What a start to 2024 it has been thus far.. We sincerely hope your new year has kicked off with a BANG and that THIS WILL BE YOUR BEST YEAR YET!

Diving into this month’s Market Pulse, there's quite a bit to unpack from the first 45 days of the year. From:

Record-breaking activity in January, making it the busiest in my 20 years in real estate.
Encouraging news on the inflation front, showing a positive downward trend.
Interest rates remain unchanged, with some major banks lowering their fixed rates.
Noteworthy properties hitting the market, offering stunning opportunities.

January was far from its usual slow pace in real estate. C+M Residential launched 23 homes on January 1st, and our first open homes took place on January 6th, attracting more buyers in one day than the entire month of December. We saw a total of 28 homes sold and under contract in January, surpassing the previous year by 17 sales. The renewed energy in the market has led to a significant shift in consumer sentiment.

Moving on to inflation data, we've witnessed a substantial drop from 4.8% in December '23 to 4.1% by February '24, indicating a positive trajectory. This prompted the Reserve Bank of Australia to keep the cash interest rate unchanged, with many major banks subsequently reducing their fixed rates. While inflation remains above the target range, the steady outlook suggests a favorable climate for taking advantage of current conditions.

Now, onto some remarkable homes that rarely grace the market. If you missed our recent video share and sneak peek, you simply must check out 7 Percival St Oak Park. This exquisite home offers nearly 53 squares of luxury living on a 670m2 flat land. If you're in search of a move-in-ready upgrade, opportunities like this are rare, so don't hesitate to schedule a PRIVATE walkthrough.

That wraps up the highlights of 2024 thus far. We look forward to crossing paths with you in the local area soon. Until then, stay cool this summer, and remember to slip, slop, slap. We're here to help you find your perfect home!

To see more, click the video link HERE to stay informed OR HIT the V IDEO below

We look forward to 'Helping You Find Home..