Clovercrest Village, 429 Montague Rd Modbury
08 8265 0777
08 8265 0600Contact us
Like the retail industry, real estate is also slow, however there are signs that it starting to improve and spring is here and generally everything looks better.
It is hard for people to feel positive when the newspapers seem to be full of doom & gloom. Interest rates are going up –OOPS! No, they are going to go down because of the world economy. This does not help purchasers in their decision making.
Banks are now relaxing their requirements for borrowers which is helping.
However, properties are still selling. Smaller homes and units are moving well at the moment as, unfortunately, there are more single parent families looking for something smaller.
Remember however, in this sort of market if you sell at 2011 prices, you are buying at 2011 prices.