After the break normality sets back in

After the break normality sets back in

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Robert is away on his annual holiday entertaining the beautiful people of Thailand. So as a guest writer I will give you a quick look at the local market over the holiday period.

As the school holidays come to an end, we all now come back to our normal routines. Yes, that means all the fun of getting kids off to school early, many carrying their skiing injuries from the slopes, some sporting great tans and peeling skin from their surfing tours to Bali, some even stayed at home and ‘chilled’ while Mum and Dad went to work.

Our normal pattern in school holidays in this business is that 50% of the local market is away at any given time over the holiday period. This mean our opens are quieter, sometimes a zero turnout, so we make sure we’ve taken a good real estate novel to read. However, new and exciting properties that come on, no matter what the timing, always attract a good crowd.

Talking on a more local and parochial note. Our office’s champion team has been busy during the holiday period. Andrew Blaxland had a great result selling 11A Lower Almora Street, Balmoral for a great price in the high $2millions. Kirsty Freyer has negotiated a $3million plus deal at 4 Koowong Avenue in Beauty Point and Marize Bellomo has done a great deal on a top floor unit in Bond Street for over $1.25million. Our newest member Matthew Johnson has sold 2 properties in quick succession in his first few weeks on board and is a great asset as our Cremorne and Neutral Bay unit expert.

Andrew in our office has been running a charming old-style property on a good, level, north-facing block in pretty much original condition and has had well over 60 people the last month. It goes to Auction this Saturday being a deceased estate and having been in the family for many years, many buyers are looking to buy and renovate to realise its full potential.

Kyeemagh

SYDNEY AERIAL PHOTOGRAPHY 

BUY PRINT

As for our normal market we anticipate buyers will be out and about this week and as the Saturday routine kicks in, sort out the kids sport (if that’s still relevant) and get your list ready for the opens circuit.
Our normal stock levels are lower than normal as Robert has been reporting for some time. There will be a flurry of new listings coming on now before the next holidays in September and although the election campaign is looming with “Kevin Kardashian” making a lot of noise, we think people will buy and sell regardless of who they think will win. It’s my opinion Australia could not be run any worse than it is now by this appalling, mentally bankrupt government so things should only get better in the long term.

The locals are seeing more SOLD stickers around of late, we can safely say the market at the entry level of homes in Mosman ($1-2million) is strong, whereas anything over $2million has to be reasonably priced or it will sit around for 6 months. A classic quote from Tom Panos, a real estate trainer, sums it up. “When pricing your home you should use comparables of homes that have sold rather than ones still on the market. Homes that are priced high help sell homes that are priced right”

We look forward to seeing folk out and about at the opens over the weekend. We hope you have recovered from the State of Origin ‘Blues blues’, maybe we can look forward to some exciting cricket and golf from the UK in the weekend whilst Robert is feasting on chilli crab and lobster at the Red Chair Restaurant in Thailand.

MOSMAN – 2088

• Number of houses on the market this time 2012 – 73
• Number of houses on the market last week – 59
.Number of houses on the market this week – 64
• Number of apartments on the market this time 2012 – 98
• Number of apartments on the market last week – 54
.Number of apartments on the market this week – 61

CREMORNE – 2090

• Number of houses on the market this time 2012 – 11
• Number of houses on the market last week – 7
.Number of houses on the market this week – 5
• Number of apartments on the market this time 2012 – 27
• Number of apartments on the market last week – 15
.Number of apartments on the market this week – 18

NEUTRAL BAY – 2089

• Number of houses on the market this time 2012 – 16
• Number of houses on the market last week – 5
.Number of houses on the market this week – 7
• Number of apartments on the market this time 2012 – 60
• Number of apartments on the market last week – 34
• Number of apartments on the market this week – 28

Source: Australian Property Monitors

For this week’s sales in Cremorne real estate, Cremorne Point real estate, Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Neutral Bay real estate, Cammeray real estate.
• Click Here

For this week’s opens for inspection
• Click Here

Cheers,
Stephen Patrick
Principal

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