Whats Happening in the Market Place - March 2009

Well the New Year has certainly started with a flurry of enquires from fist home buyers eager to enter the market and take advantage of the first home buyers scheme. These first home buyers have eagerly been searching for home units, apartments and townhouses as well as home under the $400,000 mark.

The recent release of new townhouse developments such as Blackall Avenue and Bilara as well as apartment developments such as Kinkora are seeing most of the sales being made to first home buyers. Investors are in the market place but are being far more cautious in their commitments to purchase.

The level of properties in the market has declined from the highs of mid last year as we have entered a far more stable market than what we have had for a number of years. If you would like to be kept abreast of the current market vale of your property please do not hesitate to contact George Miller in Queanbeyan on 6297 5555 or 0417 299 826, Darren Bennett in Jerrabomberra on 6283 5555 or 0418 633 806 or Damien Nemeth in Canberra 6240 2888 or 0402 304 781.

RECENT SALES
1 bedrooms
30 River Street $140,500
85 Morton Street $134,000
22 Mowatt Street $125,000
20 Trinculo Place $142,000

2 bedrooms
2-4 Mowatt Street $225,000
7 Munro Rd $196,000
43 Antill Street $311,800
86 Derrima Road $215,000
39 Crawford Street $305,000
12 King Street $207,000
3-5 Davison Street $220,000

Townhouses
15 Mallee Crescent $331,000
49 Thurralilly Street $317,000
4 Booth Street $285,000
30 Ross Road $352,500
5 Chardonnay Street $305,000
47 Booth Street $346,000
1 Garland Avenue $360,000

2009 has been a busy year already in our rentals department, there are plenty of keen prospective tenants contacting our office to arrange viewing times the minute we advertise the properties on the Internet.

On average a property is only being vacant for not even a week and the current weekly rentals that are being achieved are outstanding and we are getting a wide selection of tenants apply which allow us to be choosy and ensure we are getting a perfect tenant for our owners With low vacancy rates and the change in the economic market we believe we will start to see more and more investors coming back into the property market.

If you are considering changing your investment options towards the property market contact our office today on 6297 5555 for a free rental appraisal.

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