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Chambers Fleming Padstow

2 Faraday Road Padstow

02 9771 4555

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September property news

1 Sep 2015 Padstow 0 Comment

It is expected the number of properties available for sale will soar during spring, with many agents reporting an increase in appraisals as reported in the Australian Financial Review.

Sydney property prices have risen by nearly 20 per cent in the past 12 months and it is looking like competition and demand will continue to stay strong for the spring selling season.

With the latest RBA announcement on 1 September 2015 confirming the official interest rate of 2.0 per cent will remain unchanged for the fourth consecutive month. These historically low interest rates will not last forever, so whilst they are at their lowest, it is a great time to enter the property market or purchase your next property.

Source: www.afr.com

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