Kiki’s Monthly Market Update – February 2017

It has been a hot few weeks to start the year with plenty of Sydneysiders getting out and about to enjoy the weather. Having made my first sales of the year, and with several other campaigns under way, it appears that the property market is no different. Buyer numbers have been strong again so far in 2017 and auction clearance rates remain elevated. With equities markets pushing higher again since Trump’s inauguration in the US in response to his policies, and interest rates remaining low for the foreseeable future it is looking like the end of summer into Autumn will continue to be a good time to sell for those looking to unlock the value in their homes.

Turning to the most recent economic information put out by the analysts and there are positive early signs for the housing market in 2017 with Sydney and Melbourne still outperforming, and Sydney having its best 12 month growth rate for over two years at 16%. Along with fear of terrorism and crime, this is one of the key reasons attributed to widespread pessimism amongst millennials which has increased significantly after a turbulent 2016. The market is still supported by low interest rates and the Reserve Bank has kept the cash rate on hold at its first meeting of 2017. The RBA has also called out the lower Australian dollar as a key reason for the economic recovery and indicated that it doesn’t want to see it start appreciating again anytime soon.

  

 This newsletter contains general information only as of 24 February 2017. Before making any decision or taking any action that may affect your finances, you should consult a qualified professional adviser. Kiki Bermudez or Mint360property shall not be responsible for any loss whatsoever sustained by any person who relies on the information in this newsletter. To unsubscribe click here

The following two tabs change content below.
Kiki Bermudez
Kiki Bermudez brings a remarkably eclectic array of qualifications and experiences to her role as Sales Associate at Mint360property. A Licensed Real Estate in NSW she believes that ongoing performance training, enthusiasm and hard work alongside the best in the business, will continue to shape her skills and experience. A keen and effective communicator, dedicated to the unique Mint360property ethos, Kiki offers her clients unparalleled and professional service, honest advice and commitment to achieving the best results in the exciting Sydney market.