October 2007 Newsletter

As the months of 2007 roll past we can clearly see that the real estate market peaks from one month to the next, and this is despite the fact that we had an interest rate increase, share market jitters and the upcoming Federal Election. There is no sign of a slow down.

We have a long list of buyers and unfortunately not enough stock to satisfy this demand. Attendances at "Open Homes" are still well above average and multiple offers are happening every week.

We have mentioned some of the market negatives above but the strengths, such as the local economic conditions, excellent employment opportunities, continuing population growth and a desirable climate are obviously outweighing those negatives.

Affordability is a major problem for some would be buyers. So imagine the affect they would create in this market if interest rates and Government infrastructure costs were reduced. On the other hand no one can see anything that will reduce the pressure of all the previously mentioned positives. Is it any wonder that the majority are so bullish about the future of our market.

If you have any ideas on what is likely to change these strong conditions and the market I would love to hear from you on jag@coasthomes.com.au.

Why not join the rush and buy another investment property now.

Well the Gold Coast is not that serious, but our vacancies are still historically low. It seems we will be achieving rental increases for the next two years. So now is a great to time to buy another investment property

My wife and I wish to congratulate you on having an absolute star agent in Telly Karadimos. He came through with exactly the price we wanted within four days and although he didn’t say so, this is what we very strongly felt he would do.

Because of their diligence and expertise, selling my property was quite simply a breeze for me. In fact, the sale was negotiated in less than a week from the first inspection and what’s more for a price that was a record for a unit in the building!