HS Caulfield Elsternwick: Qtrly Newsletter. Issue 2, 2017

Quarterly Newsletter ISSUE 2 • 2017

Brilliant Start to 2017 Property Market!

2017 real estate results are already showing that the market is strong and predicted to show continued strength throughout the year. Buyer activity over the Summer was unprecedented with the number of sales much higher than for the same period last year. Similarly, activity over the April-May sector reinforces this positive real estate sentiment. We recently sold a property in Brighton to a local buyer for close to $10 Million showing that the combination of high end properties and cashed up local buyers is possible. Additionally, quality family homes in the $1.5-$3 million are thriving with many families wanting to take advantage of an economically stable and positive outlook to capitalise on their home and lifestyle. Apartment living is actually increasingly popular and despite the larger number of apartments becoming available, the acquisition of these by first home buyers and investors, both local and overseas, is exceeding

expectations with plenty of choice and great pricing.

We at hockingstuart Caulfield | Elsternwick, can see no signs of a market slowdown in the foreseeable future. When we examine the differences in median house and apartment values over a 10-year period in our local suburbs of Caulfield South, Elsternwick, Caulfield, Caulfield North, Brighton, Glen Huntly and Caulfield East, we see abundant buyer activity and rising prices being attracted to our great educational facilities, family amenities, our well serviced transport network, as well as social and cultural needs. Purchasers will closely watch the Reserve Bank and economic planners to ensure that house and apartment prices stay in tune with the positive market growth of our country. Please feel free to contact myself or any of your hockingstuart team for professional realestate advice and we wish you a continued safe healthy and prosperous 2017. n

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

Inside: • Presentation Sells • The Selling Process • Booran Reserve Development • ‘Mary Poppins’ • Featured Property • 7 Key Household Jobs • 1 Minute With . . . • Median House Prices The Broadway Musical

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