Our Ku-ring-gai Property Update for Monday 4th June 2018
Here is our Ku-ring-gai update for Monday 4th June 2018. I was missing some information this week - unfortunately RPData has had some issues synchronising new listing data (both for sale and for rent) so these numbers weren't available. I also thought it would be worth giving a brief run down of our impressions of the current market based on our Saturday opens and today's follow up conversations. Despite the overall NSW auction clearance rate dropping to 52%, the North Shore continued to maintain a stronger result - most reports put local clearance rate % in the mid 50's to early 60's . We saw limited numbers at our open for inspections, single digits in most cases, but met a number of good buyers actively seeking the right property and several returning for second or third inspections. The common message from buyers was their frustration with the time it is taking to finalise their finance, particularly for properties up to $2.5M, although buyers in the top end of the market, $3M plus, seem less affected in this regard. With the next few months typically seeing a lower volume of new stock we are confident the market will find some balance and see our vendors achieve some great results through Winter.
by Josh Luschwitz in Latest News
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