Market Update Aris Dendrinos 10/02/2017
First of all, a big thank you to those who responded to my impromptu buyer questionnaire last week.
The answers were very enlightening. I'm still receiving responses and will collate them all in a summary next week.
As an agent, we can easily get stuck in our own little worlds where the views of the purchaser are not obvious. In the sale process we partner with the vendor to obviously try and obtain the best price but without you guys there simply is no sale. Even the criticisms of agents in general and our office specifically were on the whole very constructive and much appreciated. It's quite difficult to fix something if you don't know it's broken and the customer who suffers in silence is the hardest to satisfy, so thank you for all the feedback. We will certainly take it on board.
No surprises at the Reserve Bank this week with interest rates remaining at 1.5%. It will be interesting however to watch how the markets play out in the next month or so as the inflation figures for our national economy continue to be underwhelming. I think if this trend remains we could definitely see rates dropping again as crazy as that may sound. Whether the major banks pass them on in full to their customers is another matter altogether.
Our first on-site Auction for the year kicks off this Saturday (11/2/17):
4.15PM : 18 Fernhill Street, Hurlstone Park - 3 B/R freestanding home + triple lock up garage
The property will be open for a final viewing fifteen minutes prior and you are all welcome to attend. If you can't we will be live streaming it on Facebook.
Simply click on the link here to follow us:
That's it from me. Have a great weekend.