Latest news:

21.10.08 - 6 out of 7 auctions sold under the hammer this week !

Regardless of what many negative economists and some agents have been saying about market conditions, PRDnationwide Newcastle successfully sold 6 out of 7 properties on auction night earlier this week, giving hope to sellers and creating urgency amongst buyers for well priced property with motivated vendors.

It also shows that the Newcastle market is warming to the effective and transparent auction method of sale (when conducted in a professional manner)

Contact us today to discuss how we can sell your home for a great price in under 6 weeks.

20.10.08 - First home grants and rates improve - Buyer activity is up!

There has been a lot of talk about where the market is heading over the last few months. The news from us is simple - buyer activity is up! This means great things for buyers and sellers trading property. When the share market looks weak, property looks strong.

Historically when rates have fallen and shares have weakened, property has experienced strong growth. So why not take advantage?

Benefits for buyers, why buy now?: First home buyers can take advantage of the new government grant increases from $7000 to $14,000 for all homes or $21,000 for brand new properties. This offer has a deadline of around 30th June 2009 so get in now before the competition is too strong. Buyers will also benefit now, with many properties being priced right. After vendors have become realistic through the quieter months of winter and increased interest rates.

Investor presence in the market is also strengthening after shares have taken a fall. With interest rates falling and rents increasing, the returns on property are looking better and better. Once again, get in before the competition drives the prices up. Supply and demand is what truly effects property prices, we are already experiencing a short supply in the lower price brackets.

Benefits for sellers, why sell now?:

If you have been waiting for a "stronger market" now is the time. The weather is fine, the buyers are out there and as long as you market strongly to stand out from competition and price correctly, you will sell.

Now is a particularly good market to upgrade, with the lower price brackets attracting good interest, it can allow you to move up to that home you have always wanted, just when interest rates are making those higher loan payments more affordable.

How does the current market may effect you and your situation?

Have you had a recent assessment of price on your property that has been backed by research? You may be surprised. Contact us for a neutral, obligation free market appraisal today. Simply fill in the "market appraisal" form under the "selling" tab above on this website or call the number below.

Contact us 24 Hours on (+61) 02 4926 3799   -PRDnationwide Newcastle 2/475 Hunter St, Newcastle         

 

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(all information & advice contained on this site is general only & parties should rely on their own independent enquiries)