Newsletter - Inner Circle August 2023

Market News – RBA on hold, Spring beckons.

Two sets of good news for people interested in buying property this year. 

Firstly, we are hearing from many agents that they are receiving a lot of interest in listing properties for sale this Spring. That’s great news as one of the key factors for buyers at the moment is a shortage of stock.

Second round of good news: the Reserve Bank of Australia has left interest rates on hold for a second month. After a year of rises every month, the RBA has now lifted rates in only three of the last five months. meaning we are likely at or near a peak.

That rapid rise in interest rates has done its work, greatly slowing the number of people buying real estate. But the level has only retreated to where it was in 2019. 

CoreLogic’s data shows inner city areas with more “investor listings” (based on the rental history of properties) recording stronger activity than others.
These suburbs are benefitting from buyers looking at rent rises and entering the affordable end of the market. We can expect to see demand for affordable property flow through to middle ring suburbs with relatively low home prices.

In Sydney, three bedroom houses in established suburbs continue to lead the national market. 

We are still seeing solid demand in Melbourne’s bayside areas for well positioned two bedroom units in suburbs like Elsternwick and for three bedroom family homes in suburbs like Bentleigh and Moorabbin.

Australia’s two speed property market.

Real estate is showing a split personality in the second half of 2023 with some areas moving ahead thanks to cashed up buyers and others struggling.

Read our CEO Miriam Sandkuhler’s analysis in Australian Property Investor Magazine.

Link HERE. 

Some news about us!

We are delighted to announce two Property Mavens have been recognised by the Australian Achiever Awards, which assess the customer service delivery of small businesses.

Albury Maven, Anjay Zazulak, has been crowned the state winner in NSW for real estate services. In Victoria, Miriam Sandkuhler has been recognised as Highly Recommended in the 2023 Australian Achiever Awards.

Outstanding work, Anjay and Miriam!

Why you need an experienced buyers agent.

Shaun and Bernadette had used Property Mavens to find an investment property before and were ready to add to their portfolio.

Their investment strategy called for a high-performing property to ensure they could build wealth over time and secure their retirement.

Miriam Sandkuhler set right to work and was able to select this picturesque weatherboard in Melbourne’s west which has the potential for a value adding renovation.

Best of all, Property Mavens managed to buy this beauty under the client’s budget and importantly, below market value.

“10/10 We used Property Mavens to purchase this investment property in Melbourne. Miriam made the whole process clear and easy. I would use Property Mavens again without hesitation.”

Is the time right for you?
If now is the right time for you to be a part of Australia’s property journey, get in contact with us for a free, no-obligation consultation.

If you want to invest or buy the right home for your budget, or sell your property  click here to book a time, or call us for a chat about securing your financial independence.

Sign Up to our Inner Circle Newsletter here. 

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Giving back..

At Property Mavens we choose to give back to help create social change within our business model. If you use our buyers or vendor advocacy services, you will be helping to make a positive impact within the local and wider community.

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