Cunninghams Property Update

The decision by the Reserve Bank this week to keep the official interest rate unchanged was surprising – and welcome.  However good news about the Australian economy compared to other countries overseas and accelerating house prices probably means that this reprieve will be short lived.

The rain certainly didn’t keep people away so we can only assume that visitors to Cunninghams’ properties on the market must have certainly anticipated the announcement.  75 people viewed one property in Fairlight and another 25 viewed another through our  database  – interest and excitement like this we haven’t seen for a while.   

The fact is we are in a well regarded area and many people want to live here.  So regardless of what happens with interest rates, there is strong interest from young professionals, families and downsizers – a healthy cross section of buyers and a balanced market.  Demand has been and will continue to be strong. 

For investors also the news is good – properties are renting quickly and we continue to see many people wanting to rent quality properties.  We have a great team of experienced and committed property managers here at Cunninghams – did you know we manage close to a quarter of a billion dollars in assets?

Looking forward to seeing you soon at one of our property inspections.