Here is our Ku-ring-gai Property Update for Monday 23rd July 2018
Here is our Ku-ring-gai Property Update for Monday 23rd July 2018. An overall subdued week with stock levels remaining low and auction clearance rates a little stronger.
This week, we have commenced marketing a mortgagee in possession sale in West Pymble, something we have not seen in the market for some time. Despite a tightener lending market, interest rates are still low for a primary place of residence, overall economic conditions remain relatively positive and the circumstances of this sale are more complicated than a simple repossession (the home hasn't been lived in for many years). That would suggest this will be a one off rather than the start of further sales under bank intructions - at least on the Upper North Shore where owner occupiers still make up a vast majority of the market.
by Josh Luschwitz in Latest News
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