It’s hard to believe the first half of 2024 has passed and we are now in the new financial year! There’s no denying that the question on everyone’s lips is, “where is the property market headed for the second half of this year?”
Well, despite continued interest rate rises earlier this year and the usual doom and gloom from the media, general enquiries have increased, as well as open home numbers, giving no doubt that buyer activity is increasing as the market stabilizes going into the second half of the year. We are confident that we will continue to see a strengthening local market, and although campaign days on market are still longer than average, we are starting to see a return to consistent sales across all our offices.
The past month has remained steady, with 8 sales amongst our agents. Achieving amazing results across the board 3 Scotia Street, Gerringong sold after only 13 days on the market for $1,357,000 by Nana Coburn and Jason Stalgis. Angie Ritchie and Ryan Stalgis achieved a fantastic result on 42 Armstrong Avenue, Gerringong for $1,950,000. 5/17 Saddleback Mountain Road, Kiama sold by Sam Lathbury for a great price of $710,000.
We are currently receiving plenty of interest from property owners who are curious about how their home may be valued in the current market. Has the value gone down? Has their property maintained its value? It’s always best to speak with one of our agents in regard to this, contact one of our agents today to get a free market appraisal!
COMMUNITY SUPPORT
Involvement in the community is a priority for us as a business, and as individuals. Our support of local organisations, sporting and recreational clubs in particular, is important to us in helping the members of our community thrive.
Our team recently attended the June Chamber Connect which was held at By the Sea in Kiama and was a great evening connecting with other business within the community. Thank you for providing such a wonderful evening!
SOLD PROPERTIES!
