Update - June 2010
Published on 10/06/2010
Welcome to the June update of the Southern Gold Coast Apartment website.
A recent article in the Weekend Australian Financial Review titled "Winning Ways with Property", quoted AMP Capital Investors Chief Economist, Shane Oliver on the property market. "Strong migration levels and a chronic housing supply shortage will continue to underpin house price growth ... We may be going into an environment where it is tougher for house prices in some areas, but areas such as harbourside and coastal will be less interest-rate sensitive."
In the local market recently, our sales team have noticed buyers are more price-sensitive and research property more thoroughly before making an offer. While the recent increases in interest rates have rattled some potential buyers, Reserve Bank minutes released recently show that the last rate rise a few weeks ago has now normalised interest rates.
Thinking of selling your beachfront apartment? Click the Selling tab.
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