NEWS ARCHIVE
Market Update January 2006
Happy New Year! I sincerely hope you had some time off and enjoyed the festive season. Our sales team has been back in business since the 3rd of January and we have been run off our feet with new enquiry. There is certainly a heightened sense of anticipation this year and it appears many buyers in the market have made a conscious decision over the break that this year will be their year to secure a new home. We are receiving enquiry across all price ranges and have managed to exchang...
Market Update December 2005
With most people enjoying family holidays and a well-earned summer break throughout much of December and January, we are often asked the question, “When does the market return to normal?” Typically, the level of new property on the market picks up towards the end of January, with a definite spike in the first two weeks of February. In previous years, the local market has continued to experience buyer activity throughout January, enhanced by the steady return of ex-pats to see family and the ...
Property Management Market Update 2005
Here we are at the end of another year. As expected, from the beginning of December we started to see a slowdown in the rental inquiry rate which will probably continue through to the beginning of January. For those who may have a property becoming vacant, we will of course continue to market and arrange property inspections for prospective tenants. Our office is open on the following days throughout the Xmas – New Year period as follows; Christmas Eve - Saturday 24th December 2005 - Closed ...
November Market Review
We’re into the home stretch of 2005, and what a year it’s been. Predictions of interest rate rises have hung over the market, with many industry heavy hitters predicting further falls in property values. However, the good news is that our local market has fared well through it all. Excellent results have been achieved and buyers are definitely still out there, with strong open home attendances. It seems that when the market starts to look too comfortable, the economists jump to their wel...
Pete's Pulpit November
In my role as Property Manager, I am regularly asked about the use and role of what is commonly known as the Tenancy Tribunal. The Tribunal is a mystery to many and the way it works is often misunderstood. Over the next few months, I will help answer some of the most common questions. What is the “Tribunal” The NSW Department of Fair Trading administers the Consumer, Trader and Tenancy Tribunal, know as the CTTT. The CTTT as the name suggests deals with issues outside real estate, howev...
November Rental Market Review
The last few months have been interesting times for the rental market in the Balmain area. Interesting because it did not follow the pattern of previous years. August leasing was unusually slow with some properties taking longer that expected to fill, for no apparent reason, followed by very strong demand and low vacancy rates in September, October and these first weeks of November. This rise and fall was also evident in figures obtained by the REI (Vacancy rate - Inner Sydney) May 05 - 2.1%...
November Market Review
We’re into the home stretch of 2005, and what a year it’s been. Predictions of interest rate rises have hung over the market, with many industry heavy hitters predicting further falls in property values. However, the good news is that our local market has fared well through it all. Excellent results have been achieved and buyers are definitely still out there, with strong open home attendances. It seems that when the market starts to look too comfortable, the economists jump to their wel...
October Market Update
Sales Market The months of September and October have provided evidence that the sale market throughout Balmain, Rozelle and Lilyfield has strengthened with buyer confidence returning to the market. Open house inspection levels have been positive with many prospective purchasers in a position to purchase if they locate the right property. Our office has experienced excellent buyer feedback with our last 20 sales selling with an average of 28 days on market. What is very interestin...
Welcome to our new staff
As a sign of Cobden & Hayson's continued growth, we are pleased to announce the appointment of two new staff members. We welcome Samantha Elvy to our sales department. Samantha was previously with McGrath Estate Agents servicing the Balmain area for the past four years and will no doubt be well known to many local residents. Samantha is already off to a flying start having sold her first property with us in her first 3 days. We also welcome Steve Teixeira. Steve joins us as a Junior Lettin...