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Quarterly Newsletter

ISSUE 2 • 2016

Market predictions for Autumn 2016

MANY EXPERTS ARE PREDICTING that sellers may not have the same extreme advantage of last year’s market as we enter 2016, and that buyers may potentially have greater leverage than in 2015. Great news if you’re cashed up and ready to make that move. Current market hotspots include; Caulfield South, Caulfield, Elsternwick and Gardenvale, especially those locations that offer great local schooling and infrastructure. The home is now taking on a new focus amid chaotic world events with more people finding solace in their local communities The home is now taking on a new focus amid chaotic world events with more people finding solace in their local communities and neighbourhoods and being inclined to invest more heavily in their homes, especially those with top range finishes, fittings and the latest in technology. These homes are going to rise in value and be continually sought after with people wanting to spend more time with their family around them.

Energy efficient homes are all the rage and as new technology, materials and products bring the costs down for energy efficient buildings, a growing number of architects and developers are creating buildings that use less energy, including those that follow “passive house” standards — when buildings are super-insulated to lower heating and cooling costs while pumping in fresh air. 2016 is sure to be an exciting year for the residential real estate market. Of course interest rates are on the top of everyone’s mind right now and this will play a major factor in the upcoming year. Interest rates have been either flat or dropping for most of the last decade, so with the recent rate cut down to 1.75% we should experience continued confidence in the property sector and sustained affordability. This will lead to a psychological impact on the market with a shift in relative pricing. The impact of this psychological shift will be most prominent in investment properties, providing great buying and investing for self managed super funds. For luxury properties where pricing has seemed to know no bounds, this price point will be continually driven by strong demand. n

Marshall Rushford hockingstuart Caulfield | Elsternwick Director | Auctioneer CONTACT: 0418 396 981 mrushford@hockingstuart.com.au

INSIDE:

Presentation Sells The Selling Process

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Downsizing

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Removals Made Easy Featured Property Purchasing Land Where You Live 1 Minute With… Median Sale Prices

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