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Central coast- Strong market

8 Aug 2014 Wamberal 0 Comment

Central Coast real estate prices started to boom last October on the back of a surge in Sydney prices. Agents across the Central Coast have reported properties selling in a matter of days for great prices. The mini boom is the result of low interest rates, a return of investors to the market due to increased rental returns, and normal market forces. There is a shortage of properties for sale and a surplus of buyers. The Federal Budget, cold Winter weather and the End Of Financial Year have slowed the market somewhat, however local agents expect sales to remain strong from July. If you are thinking of selling, now is a great time with less competition then the traditional Spring season. The Reserve Bank of Australia has indicated that interest rates will remain low and there is very little new land being released for new home construction. These factors result in low supply and high demand for housing on the Central Coast, which will continue upward pressure on property prices!

John Stout



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