A Tale Of Two Markets

Jun 5th, 2008

We are seeing the emergence of a really interesting trend in the Real Estate market this year. Ordinarily the property market moves as one - in other words if the market changes then properties in all price ranges are affected in the same way. But recently there has been a noticeable change in Real estate. The market for more expensive, well located homes is going gang busters whilst the lower end of market is still in the doldrums. It's almost like there are two markets. You only need to look at the property market in our capital cities to see proof of this trend. The expensive homes close to the city on water are in short supply and rising in value while property in the outer areas is plentiful with stagnating or declining prices. The mortgage belts are more affected by interest rate rises and the availability of land on the city fringes means that there is a ready supply of new product to satisfy demand.

Fortunately Port Macquarie has a more even market place. We just don't have the volume of expensive properties and we are yet to be "discovered" by those buyers who demand top end real estate. Compare Port Macquarie with Byron Bay or Noosa and we look like incredible value even though we offer as much or more than these centres.

Spring time is selling time.
This weeks warmer temperatures heralds the start of spring. Not only do we get to enjoy longer days and the right sort of weather for us to enjoy all of the things that we love about Port Macquarie, it is also the time when the real estate market emerges from its winter hibernation. We are busy with buyer enquiry and really need more properties to sell. Are you thinking of selling?
We'd love to help!