Kiki’s Monthly Market Update – January 2018

I hope you had a restful and enjoyable holiday season, and have had a great start to 2018. I certainly enjoyed my break, spending a few days in the US and three weeks in Colombia experiencing its colour and beauty, and spending time with my family there. I am now getting my year started with several properties going live as the market gets back into full swing heading into February. As is usually the case, auction clearance rates have started low due to a very small number of properties on the market, e.g. for the weekend of 20th January 2018 Domain.com.au reported a 50% auction clearance rate for the 26 properties scheduled for auction. This is not a true depiction of the market just yet, due to the few properties on the market at present as is commonplace until after the Australia Day weekend. Early enquiry levels on our properties have been strong, so our expectation is that things should pick up from where they left off last year with solid buyer activity driving an active but not overcharged market.

As usual, the Reserve Bank took a break from its monthly monetary policy meeting in January; but turning to the most recent economic information put out by the analysts and there is a wave of positivity about both the global and Australian economies. 2017 saw strong growth around the world, and employment numbers in Australia had a very strong finish to the year, both in jobs created and the participation rate. The Australian dollar also strengthened in December and January, hitting US$0.80, which may well become a factor for the RBA as it considers cash rate changes in 2018.

As always, regardless of what happens in the property market, I hope you have a great year personally and I look forward to continuing my relationship with you whether your property goals are to move home, buy or sell an investment property or simply give your own home an update.

  

 This newsletter contains general information only as of 25th January 2018. 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

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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.

5th February 2018

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Kiki Bermudez

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