Investors going back to bricks and mortar?

Investors going back to bricks and mortar?

.

Rob is still on holiday and we are one week away from The Great One’s return. Ah! It’s been so peaceful and there is not too much real estate news to talk about since Richard’s report last week, so this will be short and sweet!

As I write, we are aware that the stock market has fallen around 4% this morning, on the back of the American fall overnight.    News from Europe is grim and this is reflected in consumer confidence. We are now a saving nation not a spending one.   The banks are having the biggest influx of funds into their savings accounts, in 30 years.

With the strong Aussie dollar, figures announced today say that 1.5million  more Aussies went overseas for trips than tourists coming in;  asure sign that the high dollar is affecting all parts of our economy!

Now in  past decades, when the stock market went down, the Real Estate market went up.    This hasn’t been the case for (probably) the last 10 years when the Stock Market became the be all and end all of investment funds.

However, I sense a change. The unit market in the $400k to $1m range has been quite strong for some home buyers and investors.

Stock levels are still low in the housing department, with prices fluctuating on a weekly basis, pending press reports.  But overall, steady at the lower end and more fragile at the top end, although great homes still get great prices.

Trading in the same market is the key and there are definitely some bargain buys around in the market if you keep your ear close to the ground.

I won’t bore you with any more rhetoric or theory on real estate. There is so much information to read on a daily basis already and I don’t want to steal Rob’s thunder for next week.

 

BUY PRINT

On a different note, Mosman news this week was all about the Bomb Threat in Clifton Gardens.  Great news that Maddy is safe and well, as is the Pulver family after this most horrific incident.

Our thoughts go out to the whole family, who are great people well known to most of us here, the local footy club and local schools.

While on the local scene, we wish the Junior clubs we support, Mosman Swans AFL, Mosman Netball, and Mosman Junior Hockey all the best for their semi-finals which are fast approaching.

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

That’s all folks – see you at the opens….

Steve

Principal

One Response to “Investors going back to bricks and mortar?”

Leave a Reply

Your email address will not be published. Required fields are marked *