Based on Reported Auction Results*

Strong Start to 2015

The year has commenced in very solid fashion with good weekend volumes achieving strong success rates. And given the interest rate environment, this is not surprising. It is true that one ingredient alone does not make up a recipe, (… unless the writer has had a big day) but in the absence of any other particular negative news out there in the market, that’ll do very nicely for starters…

Why wouldn’t it be a reasonable expectation that the real estate market will perform well this year? Mortgage rates of “4 point something” are the norm now, incredible as this seems – especially to those of us old enough to remember Melbourne’s last premiership(!!). Whether enjoying the gentle slide on the Variable rate or preferring some safety and predictability of Fixed long term, these figures are alluring to owner occupiers and investors alike. Every location benefits by them, what’s more.

We will watch (with interest) to see how the year pans out. Renowden Buyers Advocates anticipates generally strong buyer interest across the board this year. Good luck to those participating in the market. We are only a phone call away if you need our assistance.

Contact Renowden Buyers Advocates for your next purchase.